Why didn’t China have an Industrial Revolution before Europe did?

I’m pretty confident that America’s so-called “great stagnation” in productivity and economic growth is over. At least I am on odd-numbered days. And since there are slightly more odd- than even-numbered days in a year, ....

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Economic headwinds and tailwinds for the potential Biden presidency

Presidents and what they do in office matter. But it sure helps to have an economic tailwind and not a headwind. Sometimes it’s better and more important to be lucky than good. And while Joe ....

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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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Is GPT-3 the AI tool that launches a productivity revolution?

GPT-3 is an AI tool — machine learning, specifically — trained on an extremely large data set that can generate some pretty amazing text when prompted, everything from creative fiction to computer code. It’s also ....

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Are we in a dark age of invention and innovation? And if so, will we ever get out?

It is one thing to argue that technological progress has diminished or slowed, quite another to argue that such stagnation is permanent. Recently, I ran across a 2005 analysis by physicist Jonathan Huebner, then working ....

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