Unformatted text preview: turis tic , from touc hs c reen phones to the ins tantaneous s earc hing of Cas s andr a 45 mins ago great libraries to the power to pilot a drone thous ands of miles away . The rev iv al in its
bus ines s ac tiv ity s inc e 2010 s ugges ts progres s is motoring on. Remakin g macro : Building a better model So it may c ome as a s urpris e that s ome in Silic on Valley think the plac e is s tagnant, and Fr ee ex c hange 1 hour 8 mins ago that the rate of innov ation has been s lac k ening for dec ades . Peter Thiel, a founder of
Pay Pal, an internet pay ment c ompany , and the firs t outs ide inv es tor in Fac ebook , a s oc ial
network , s ay s that innov ation in Americ a is “s omewhere between dire s traits and dead”. Jih ad in No rth Africa: Badlands
Next in Un itedaStabt e1 hour 21 mins ago as
B ob Engineers in all s orts of areas s hare s imilar feelings of dis appointment. And a s mall but T h e n ext treasu ry secretary growing group of ec onomis ts rec k on the ec onomic impac t of the innov ations of today may
pale in c omparis on with thos e of the pas t.
Some s us pec t that the ric h world’s ec onomic doldrums may
be rooted in a longterm tec hnologic al s tas is . In a 2011 ebook
Ty ler Cowen, an ec onomis t at George Mas on Univ ers ity ,
argued that the financ ial c ris is was mas k ing a deeper and
more dis turbing “Great Stagnation”. It was this whic h
ex plained why growth in ric hworld real inc omes and
employ ment had long been s lowing and, s inc e 2000, had X J ac k be nimble Ku rt Sch witters at T ate Britain : Anything
A successor to Timothy Geithner in
can be used to make art
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This document was uploaded on 02/16/2014 for the course MGMT 237 at UPenn.
- Spring '14