Tyler Cowen’s e-book, “The Great Stagnation” has become the most debated nonfiction book so far this year.
…It could be that the nature of technological change isn’t causing the slowdown but a shift in values. It could be that in an industrial economy people develop a materialist mind-set and believe that improving their income is the same thing as improving their quality of life. But in an affluent information-driven world, people embrace postmaterialist mind-set. They realize they can improve their quality of life without actually producing more wealth.
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