Nobel Laureate Edmund Phelps argues that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values-particularly the individualism and self-expression prevailing among the people-fueled the dynamism needed for widespread innovation.
Nobel Laureate Edmund Phelps argues that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Ra...
This book charts the fall of productivity and the rise of inequality within global economies and societies. Set out through a series of economic models, the impact of falling rates of productivity, particularly in the USA, are examined in relation to lowering interest rates, the lifting of the stock market, and an increasingly unequal distribution of wealth. The economic impact of COVID-19, including the increased tendency to work from home and renewed public debt pressures, are contextualised within broader issues of wage suppression and discontent within the labor work to highlight how...
This book charts the fall of productivity and the rise of inequality within global economies and societies. Set out through a series of economic model...
