Why have innovation and dynamism slowed down?
This is one of the biggest mysteries facing students of the economy. In his 2011 book The Great Stagnation, Tyler Cowen theorized that Western societies have already reaped the low-hanging fruit of technology gains. But as Ryan Avent argued, it seems premature to think we’ve already seen all the social and economic reorganization we’re going to get from paradigm-changing events like the internet.
