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Systemic Slowdown?

Kozo Yamamura on Tyler Cowen, The Great Stagnation. Can flagging growth in the US be explained by closing technological frontiers?

More System, Please!

Commending Brenner’s overall narrative of post-war economic development, Kozo Yamamura holds it to be nevertheless too narrow—needing more attention to modern capital markets, to historical cycles of technological change, and to institutional differences between the leading industrial states.