Stagnation or innovation?

A nice summary of Tyler Cowen’s controversial new e-book, The Great Stagnation, is available at NYT The Experience Economy. Cowen proposes that the world has already fundamentally changed in developed nations…even that a post-industrial, post-materialist age began in the mid-1970s. Many see signs of stagnation in the developed world today, but does this view miss an entirely new future – one that is already robust and here, just not widely distributed yet?

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