Economic growth and technological progress: There is no alternative

I hesitate to write about the “degrowth” or “steady state economy” movement since it is likely to cause a terminal case of eye-roll in many readers. But it seems to be a burgeoning idea in ....

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5 questions with Jonathan Gruber, Tony Mills, Margaret O’Mara, and Bret Swanson on improving public R&D policy

US federal research and development spending as a share of GDP has fallen by nearly two thirds since the mid-1960s — a trend accompanied by decades of low productivity growth. In a recent extended episode ....

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The next president needs to turn America into an Innovation Nation

Would Biden-onomics be good or bad for productivity growth? The issue is an important one. Productivity growth is the most important factor driving overall economic growth and rising living standards. Before he left office in ....

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The myth of stability: Why the economic ‘golden age’ of postwar America was not as golden as we remember

A currently unfashionable notion: A corporation should be run primarily for the benefit of its shareholder owners by maximizing its value. The most provocative distillation of the idea is Nobel laureate economist Milton Friedman’s famous ....

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