The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History,Got Sick, and Will (Eventually) Feel Better.
Your copy will arrive on January 25 and loyal MR readers are receiving the very first chance to buy it. Very little of the content has already appeared on MR.
Many of you have read my article "The Inequality that Matters," but there I hardly touched on median income growth. That is because I was writing this eBook.
Has median household income really stagnated in the United States? If so, why? Are the causes political or something deeper? What are the important biases in how we are measuring national income and productivity and why do they matter for economic policy? Are we getting enough value for all the extra money we are spending on the health care and education sectors? What do some major right-wing and left-wing thinkers miss about this phenomenon?
How does all this relate to our recent financial crisis?
I dedicated this book to Michael Mandel and Peter Thiel, two major influences on some of the arguments.
Why did big government arise in the late 19th and early 20th centuries, what is its future, and why is science so important for macroeconomics? How can we fix the current mess we are in?
Read (and buy) the whole thing.
I wish to thank my publisher, Dutton, for accommodating this experiment in a new medium. I believe it will be one piece of our new publishing future and here is your chance, as a reader, to try it out.