I RECEIVED an email from The Economist’s editor in London referring to Tyler Cowen’s book yesterday afternoon. I went to Amazon, downloaded the book to my iPad, and read it…all in the space of an hour and a half. I then composed this note and sent it to London-19 hours after receiving the first email. I have every reason to believe that this note will appear on economist.com a few hours after it is received. None of this would have been possible 30 years ago. It is therefore particularly ironic that a major theme of the book is about how technological progress has stalled in the last 30 years.
A “Great Stagnation”?—NOT!!