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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1999 might have been America’s last good year — and not because of The Phantom Menace

Consider: What was America’s last good year? It’s a common Twitter question that pops up from time to time. And one common answer is the year 1999. Why not? Unemployment was low, the stock market ....

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The pandemic again shows the value of how America’s market economy can generate technological progress and growth

The Great Pandemic isn’t over. Data scientist Youyang Gu’s machine-learning model, one of the more highly regarded coronavirus forecasts, is projecting another 20,000 or so US fatalities in September and another roughly 15,000 in October. ....

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Does pro-progress, techno-optimism have a place in American politics?

Nuclear war theorist Herman Kahn provided at least partial inspiration for film director Stanley Kubrick’s maniacal Dr. Strangelove. (The character’s accent, at least, was likely based on that of German emigres Henry Kissinger or Wehrner ....

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5 questions for Arthur Diamond on economic growth and innovative dynamism

How open to creative destruction is the American economy? Does GDP growth really benefit Americans in an age of already high living standards? Is innovation good or bad for the labor market? Arthur Diamond joined ....

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The case for ‘innovative dynamism’: My long-read Q&A with Arthur Diamond

Is creative destruction too disruptive and destructive? Given our standard of living, does America still need innovation? Arthur Diamond appeared on the Political Economy podcast to discuss how innovative dynamism improves our lives. Arthur is ....

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America’s system of entrepreneurial innovation is under extreme stress

It’s no surprise that America is intently focused on daily COVID case and fatality counts, whether various curves are bending or flattening, and every bit of info about the latest vaccine trials. Every news cycle ....

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Prison education can help rebuild the economy

In the months since COVID-19 struck the United States, mountains of devastating research and reporting have shown how this virus deepens long-standing inequalities. Unsurprisingly, current and formerly incarcerated men and women have been among the ....

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