The Great Stagnation by Tyler Cowen

The central thesis of Cowen’s book is that the recent economic downturn is mostly due to the law of diminishing marginal returns.  The metaphor he uses to explain this is that of an orchard.  In any orchard, some of the hanging fruit is closer to the ground than other fruit.  The natural tendency is . . . → Read More: The Great Stagnation by Tyler Cowen