Author: Zahar Koretsky
Publisher: Taylor & Francis
ISBN: 1000831493
Category : Business & Economics
Languages : en
Pages : 272
Book Description
The central questions of this book are how technologies decline, how societies deal with technologies in decline, and how governance may be explicitly oriented towards parting with ‘undesirable’ technology. Surprisingly, these questions are fairly novel. Thus far, the dominant interest in historical, economic, sociological and political studies of technology has been to understand how novelty emerges, how innovation can open up new opportunities and how such processes may be supported. This innovation bias reflects how in the last centuries modern societies have embraced technology as a vehicle of progress. It is timely, however, to broaden the social study of technology and society: next to considering the rise of technologies, their fall should be addressed, too. Dealing with technologies in decline is an important challenge or our times, as socio-technical systems are increasingly part of the problems of climate change, biodiversity loss, social inequalities and geo-political tensions. This volume presents empirical studies of technologies in decline, as well as conceptual clarifications and theoretical deepening. Technologies in Decline presents an emerging research agenda for the study of technological decline, emphasising the need for a plurality of perspectives. Given that destabilisation and discontinuation are seen as a way to accelerate sustainability transitions, this book will be of interest to academics, students and policy makers researching and working in the areas of sustainability science and policy, economic geography, innovation studies, and science and technology studies.
Technologies in Decline
Author: Zahar Koretsky
Publisher: Taylor & Francis
ISBN: 1000831493
Category : Business & Economics
Languages : en
Pages : 272
Book Description
The central questions of this book are how technologies decline, how societies deal with technologies in decline, and how governance may be explicitly oriented towards parting with ‘undesirable’ technology. Surprisingly, these questions are fairly novel. Thus far, the dominant interest in historical, economic, sociological and political studies of technology has been to understand how novelty emerges, how innovation can open up new opportunities and how such processes may be supported. This innovation bias reflects how in the last centuries modern societies have embraced technology as a vehicle of progress. It is timely, however, to broaden the social study of technology and society: next to considering the rise of technologies, their fall should be addressed, too. Dealing with technologies in decline is an important challenge or our times, as socio-technical systems are increasingly part of the problems of climate change, biodiversity loss, social inequalities and geo-political tensions. This volume presents empirical studies of technologies in decline, as well as conceptual clarifications and theoretical deepening. Technologies in Decline presents an emerging research agenda for the study of technological decline, emphasising the need for a plurality of perspectives. Given that destabilisation and discontinuation are seen as a way to accelerate sustainability transitions, this book will be of interest to academics, students and policy makers researching and working in the areas of sustainability science and policy, economic geography, innovation studies, and science and technology studies.
Publisher: Taylor & Francis
ISBN: 1000831493
Category : Business & Economics
Languages : en
Pages : 272
Book Description
The central questions of this book are how technologies decline, how societies deal with technologies in decline, and how governance may be explicitly oriented towards parting with ‘undesirable’ technology. Surprisingly, these questions are fairly novel. Thus far, the dominant interest in historical, economic, sociological and political studies of technology has been to understand how novelty emerges, how innovation can open up new opportunities and how such processes may be supported. This innovation bias reflects how in the last centuries modern societies have embraced technology as a vehicle of progress. It is timely, however, to broaden the social study of technology and society: next to considering the rise of technologies, their fall should be addressed, too. Dealing with technologies in decline is an important challenge or our times, as socio-technical systems are increasingly part of the problems of climate change, biodiversity loss, social inequalities and geo-political tensions. This volume presents empirical studies of technologies in decline, as well as conceptual clarifications and theoretical deepening. Technologies in Decline presents an emerging research agenda for the study of technological decline, emphasising the need for a plurality of perspectives. Given that destabilisation and discontinuation are seen as a way to accelerate sustainability transitions, this book will be of interest to academics, students and policy makers researching and working in the areas of sustainability science and policy, economic geography, innovation studies, and science and technology studies.
The American Technological Challenge
Author: Jan Vijg
Publisher: Algora Publishing
ISBN: 087586886X
Category : Social Science
Languages : en
Pages : 261
Book Description
The American Technological Challenge - Stagnation and Decline in the 21st Centuryrefutes the myth that we live in the most innovative of times. Inventions themselves are only one of the factors that determine the technological fate of a society. Sometimes, inventions are adopted, and eagerly; sometimes not. The history of technological progress, and the historical and societal factors that impel or restrain the adoption of inventions, are explored in the book. New, life-changing inventions have become rare and in spite of ample vocal support of innovation, an increasingly complacent society has lost its taste for risk and often actively resists change. Far from being unique, technology slowdowns are recurrent events in history, occurring in civilizations that have reached the zenith of their success. They are the inevitable fate of an increasingly regulated, successful society. Most people would characterize the dawn of the 21st century as the age of technological progress par excellence. If you are one of them, then, think again. While our parents, grandparents and great-grandparents witnessed life-changing inventions every decade, very little major new technology has seen the light of day over the last half century. We find ourselves in the midst of a technology slowdown! This book is about the causes and consequences of technology slowdowns, which are not unique but recurrent events in human history. They occur not in times of upheaval, when violent interstate conflicts are the order of the day. Such periods foster innovation and allow major, breakthrough inventions to be adopted quickly. Instead, innovation seriously stalls in times that are peaceful, when governments reign supreme and citizens are encapsulated by layers of benign regulation to protect them against all possible harm. We find ourselves in the best of times. The long period of bloody combat that characterized so much of the 20th century has finally ended. Violent conflicts between states are minimal and conditions for almost everyone on the planet are on an upswing, with poverty on the decline and life expectancy and literacy increasing. Responsible government and industry leaders have begun to refrain from risky bets on exciting new exploits and the time of grand projects, such as the Eisenhower Interstate System, the Moon Landing Program or the development of the internet is behind us. Instead, we have to make do with incremental improvements of existing technology, catch-up programs in developing countries and social programs. The consequences are stalling wealth generation and an end to the dramatic changes society has undergone since the industrial revolution now more than 200 years ago.
Publisher: Algora Publishing
ISBN: 087586886X
Category : Social Science
Languages : en
Pages : 261
Book Description
The American Technological Challenge - Stagnation and Decline in the 21st Centuryrefutes the myth that we live in the most innovative of times. Inventions themselves are only one of the factors that determine the technological fate of a society. Sometimes, inventions are adopted, and eagerly; sometimes not. The history of technological progress, and the historical and societal factors that impel or restrain the adoption of inventions, are explored in the book. New, life-changing inventions have become rare and in spite of ample vocal support of innovation, an increasingly complacent society has lost its taste for risk and often actively resists change. Far from being unique, technology slowdowns are recurrent events in history, occurring in civilizations that have reached the zenith of their success. They are the inevitable fate of an increasingly regulated, successful society. Most people would characterize the dawn of the 21st century as the age of technological progress par excellence. If you are one of them, then, think again. While our parents, grandparents and great-grandparents witnessed life-changing inventions every decade, very little major new technology has seen the light of day over the last half century. We find ourselves in the midst of a technology slowdown! This book is about the causes and consequences of technology slowdowns, which are not unique but recurrent events in human history. They occur not in times of upheaval, when violent interstate conflicts are the order of the day. Such periods foster innovation and allow major, breakthrough inventions to be adopted quickly. Instead, innovation seriously stalls in times that are peaceful, when governments reign supreme and citizens are encapsulated by layers of benign regulation to protect them against all possible harm. We find ourselves in the best of times. The long period of bloody combat that characterized so much of the 20th century has finally ended. Violent conflicts between states are minimal and conditions for almost everyone on the planet are on an upswing, with poverty on the decline and life expectancy and literacy increasing. Responsible government and industry leaders have begun to refrain from risky bets on exciting new exploits and the time of grand projects, such as the Eisenhower Interstate System, the Moon Landing Program or the development of the internet is behind us. Instead, we have to make do with incremental improvements of existing technology, catch-up programs in developing countries and social programs. The consequences are stalling wealth generation and an end to the dramatic changes society has undergone since the industrial revolution now more than 200 years ago.
The Decline and Fall of IBM
Author: Robert Cringely
Publisher: Nerdtv, LLC
ISBN: 9780990444428
Category : Computer industry
Languages : en
Pages : 202
Book Description
IBM is in trouble in 2014. The iconic computer company has mismanaged itself into a rut it may be unable to get out of. Technology journalist Robert X. Cringely explains how Big Blue got to where it is today and what can still be done to save the company before it is too late.
Publisher: Nerdtv, LLC
ISBN: 9780990444428
Category : Computer industry
Languages : en
Pages : 202
Book Description
IBM is in trouble in 2014. The iconic computer company has mismanaged itself into a rut it may be unable to get out of. Technology journalist Robert X. Cringely explains how Big Blue got to where it is today and what can still be done to save the company before it is too late.
On Decline
Author: Andrew Potter
Publisher: Biblioasis
ISBN: 1771963956
Category : Philosophy
Languages : en
Pages : 72
Book Description
A Winnipeg Free Press Top Read of 2021 What if David Bowie really was holding the fabric of the universe together? The death of David Bowie in January 2016 was a bad start to a year that got a lot worse: war in Syria, the Zika virus, terrorist attacks in Brussels and Nice, the Brexit vote—and the election of Donald Trump. The end-of-year wraps declared 2016 “the worst … ever.” Four even more troubling years later, the question of our apocalypse had devolved into a tired social media cliché. But when COVID-19 hit, journalist and professor of public policy Andrew Potter started to wonder: what if The End isn’t one big event, but a long series of smaller ones? In On Decline, Potter surveys the current problems and likely future of Western civilization (spoiler: it’s not great). Economic stagnation and the slowing of scientific innovation. Falling birth rates and environmental degradation. The devastating effects of cultural nostalgia and the havoc wreaked by social media on public discourse. Most acutely, the various failures of Western governments in their responses to the COVID-19 pandemic. If the legacy of the Enlightenment and its virtues—reason, logic, science, evidence—has run its course, how and why has it happened? And where do we go from here?
Publisher: Biblioasis
ISBN: 1771963956
Category : Philosophy
Languages : en
Pages : 72
Book Description
A Winnipeg Free Press Top Read of 2021 What if David Bowie really was holding the fabric of the universe together? The death of David Bowie in January 2016 was a bad start to a year that got a lot worse: war in Syria, the Zika virus, terrorist attacks in Brussels and Nice, the Brexit vote—and the election of Donald Trump. The end-of-year wraps declared 2016 “the worst … ever.” Four even more troubling years later, the question of our apocalypse had devolved into a tired social media cliché. But when COVID-19 hit, journalist and professor of public policy Andrew Potter started to wonder: what if The End isn’t one big event, but a long series of smaller ones? In On Decline, Potter surveys the current problems and likely future of Western civilization (spoiler: it’s not great). Economic stagnation and the slowing of scientific innovation. Falling birth rates and environmental degradation. The devastating effects of cultural nostalgia and the havoc wreaked by social media on public discourse. Most acutely, the various failures of Western governments in their responses to the COVID-19 pandemic. If the legacy of the Enlightenment and its virtues—reason, logic, science, evidence—has run its course, how and why has it happened? And where do we go from here?
Permissionless Innovation: The Continuing Case for Comprehensive Technological Freedom
Author: Adam Thierer
Publisher: Mercatus Center at George Mason University
ISBN: 1942951248
Category : Technology & Engineering
Languages : en
Pages : 236
Book Description
Will innovators be forced to seek the blessing of public officials before they develop and deploy new devices and services, or will they be generally left free to experiment with new technologies and business models? In this book, Adam Thierer argues that if the former disposition, “the precautionary principle,” trumps the latter, “permissionless innovation,” the result will be fewer services, lower-quality goods, higher prices, diminished economic growth, and a decline in the overall standard of living. When public policy is shaped by “precautionary principle” reasoning, it poses a serious threat to technological progress, economic entrepreneurialism, and long-run prosperity. By contrast, permissionless innovation has fueled the success of the Internet and much of the modern tech economy in recent years, and it is set to power the next great industrial revolution—if we let it.
Publisher: Mercatus Center at George Mason University
ISBN: 1942951248
Category : Technology & Engineering
Languages : en
Pages : 236
Book Description
Will innovators be forced to seek the blessing of public officials before they develop and deploy new devices and services, or will they be generally left free to experiment with new technologies and business models? In this book, Adam Thierer argues that if the former disposition, “the precautionary principle,” trumps the latter, “permissionless innovation,” the result will be fewer services, lower-quality goods, higher prices, diminished economic growth, and a decline in the overall standard of living. When public policy is shaped by “precautionary principle” reasoning, it poses a serious threat to technological progress, economic entrepreneurialism, and long-run prosperity. By contrast, permissionless innovation has fueled the success of the Internet and much of the modern tech economy in recent years, and it is set to power the next great industrial revolution—if we let it.
The Technology Fallacy
Author: Gerald C. Kane
Publisher: MIT Press
ISBN: 026254511X
Category : Business & Economics
Languages : en
Pages : 281
Book Description
Why an organization's response to digital disruption should focus on people and processes and not necessarily on technology. Digital technologies are disrupting organizations of every size and shape, leaving managers scrambling to find a technology fix that will help their organizations compete. This book offers managers and business leaders a guide for surviving digital disruptions—but it is not a book about technology. It is about the organizational changes required to harness the power of technology. The authors argue that digital disruption is primarily about people and that effective digital transformation involves changes to organizational dynamics and how work gets done. A focus only on selecting and implementing the right digital technologies is not likely to lead to success. The best way to respond to digital disruption is by changing the company culture to be more agile, risk tolerant, and experimental. The authors draw on four years of research, conducted in partnership with MIT Sloan Management Review and Deloitte, surveying more than 16,000 people and conducting interviews with managers at such companies as Walmart, Google, and Salesforce. They introduce the concept of digital maturity—the ability to take advantage of opportunities offered by the new technology—and address the specifics of digital transformation, including cultivating a digital environment, enabling intentional collaboration, and fostering an experimental mindset. Every organization needs to understand its “digital DNA” in order to stop “doing digital” and start “being digital.” Digital disruption won't end anytime soon; the average worker will probably experience numerous waves of disruption during the course of a career. The insights offered by The Technology Fallacy will hold true through them all. A book in the Management on the Cutting Edge series, published in cooperation with MIT Sloan Management Review.
Publisher: MIT Press
ISBN: 026254511X
Category : Business & Economics
Languages : en
Pages : 281
Book Description
Why an organization's response to digital disruption should focus on people and processes and not necessarily on technology. Digital technologies are disrupting organizations of every size and shape, leaving managers scrambling to find a technology fix that will help their organizations compete. This book offers managers and business leaders a guide for surviving digital disruptions—but it is not a book about technology. It is about the organizational changes required to harness the power of technology. The authors argue that digital disruption is primarily about people and that effective digital transformation involves changes to organizational dynamics and how work gets done. A focus only on selecting and implementing the right digital technologies is not likely to lead to success. The best way to respond to digital disruption is by changing the company culture to be more agile, risk tolerant, and experimental. The authors draw on four years of research, conducted in partnership with MIT Sloan Management Review and Deloitte, surveying more than 16,000 people and conducting interviews with managers at such companies as Walmart, Google, and Salesforce. They introduce the concept of digital maturity—the ability to take advantage of opportunities offered by the new technology—and address the specifics of digital transformation, including cultivating a digital environment, enabling intentional collaboration, and fostering an experimental mindset. Every organization needs to understand its “digital DNA” in order to stop “doing digital” and start “being digital.” Digital disruption won't end anytime soon; the average worker will probably experience numerous waves of disruption during the course of a career. The insights offered by The Technology Fallacy will hold true through them all. A book in the Management on the Cutting Edge series, published in cooperation with MIT Sloan Management Review.
Technologies in Decline
Author: Zahar Koretsky
Publisher: Routledge
ISBN: 9781003213642
Category : Business & Economics
Languages : en
Pages : 0
Book Description
"The central questions of this book are how technologies decline, how societies deal with technologies in decline, and how governance may be explicitly oriented towards parting with 'undesirable' technology. Surprisingly, these questions are fairly novel. Thus far, the dominant interest in historical, economic, sociological, and political studies of technology has been to understand how novelty emerges, how innovation can open up new opportunities and how such processes may be supported. This innovation bias reflects how in the last centuries modern societies have embraced technology as a vehicle of progress. It is timely, however, to broaden the social study of technology and society: next to considering the rise of technologies, their fall should be addressed, too. Dealing with technologies in decline is an important challenge or our times, as socio-technical systems are increasingly part of the problems of climate change, biodiversity loss, social inequalities and geo-political tensions. This volume presents empirical studies of technologies in decline, as well as conceptual clarifications and theoretical deepening. Technologies in Decline presents an emerging research agenda for the study of technological decline, emphasizing the need for a plurality of perspectives. Given that destabilisation and discontinuation are seen as a way to accelerate sustainability transitions, this book will be of interest to academics, students and policy makers researching and working in the areas of sustainability science and policy, economic geography, innovation studies and science and technology studies"--
Publisher: Routledge
ISBN: 9781003213642
Category : Business & Economics
Languages : en
Pages : 0
Book Description
"The central questions of this book are how technologies decline, how societies deal with technologies in decline, and how governance may be explicitly oriented towards parting with 'undesirable' technology. Surprisingly, these questions are fairly novel. Thus far, the dominant interest in historical, economic, sociological, and political studies of technology has been to understand how novelty emerges, how innovation can open up new opportunities and how such processes may be supported. This innovation bias reflects how in the last centuries modern societies have embraced technology as a vehicle of progress. It is timely, however, to broaden the social study of technology and society: next to considering the rise of technologies, their fall should be addressed, too. Dealing with technologies in decline is an important challenge or our times, as socio-technical systems are increasingly part of the problems of climate change, biodiversity loss, social inequalities and geo-political tensions. This volume presents empirical studies of technologies in decline, as well as conceptual clarifications and theoretical deepening. Technologies in Decline presents an emerging research agenda for the study of technological decline, emphasizing the need for a plurality of perspectives. Given that destabilisation and discontinuation are seen as a way to accelerate sustainability transitions, this book will be of interest to academics, students and policy makers researching and working in the areas of sustainability science and policy, economic geography, innovation studies and science and technology studies"--
Shift Change
Author: Stephen Dale
Publisher: Between the Lines
ISBN: 1771135549
Category : Political Science
Languages : en
Pages : 150
Book Description
Hamilton’s industrial age is over. In the steel capital of Canada, there are no more skies lit red by foundries at sunset, no more traffic jams at shift change. Instead, an urban renaissance is taking shape. But who wins and who loses in the city’s not-too-distant future? Is it possible to lift a downtrodden, post-industrial city out of poverty in a way that benefits people across the social spectrum, not just a wealthy elite? In Shift Change, author Stephen Dale sets up “the Hammer” as a battlefield, a laboratory, a chessboard. As investors cash in on a real estate gold rush and the all-too-familiar wheels of gentrification begin to turn, there’s still a rare opportunity for both old-guard and newcomer Hamiltonians to come together and write a different story—one in which Steeltown becomes an economically diverse and inclusive urban centre for all. What plays out in these pages and at this very moment is a real-time case study that will capture the attention and the imagination of anyone interested in equitable redevelopment, housing activism, and social justice in the North American city.
Publisher: Between the Lines
ISBN: 1771135549
Category : Political Science
Languages : en
Pages : 150
Book Description
Hamilton’s industrial age is over. In the steel capital of Canada, there are no more skies lit red by foundries at sunset, no more traffic jams at shift change. Instead, an urban renaissance is taking shape. But who wins and who loses in the city’s not-too-distant future? Is it possible to lift a downtrodden, post-industrial city out of poverty in a way that benefits people across the social spectrum, not just a wealthy elite? In Shift Change, author Stephen Dale sets up “the Hammer” as a battlefield, a laboratory, a chessboard. As investors cash in on a real estate gold rush and the all-too-familiar wheels of gentrification begin to turn, there’s still a rare opportunity for both old-guard and newcomer Hamiltonians to come together and write a different story—one in which Steeltown becomes an economically diverse and inclusive urban centre for all. What plays out in these pages and at this very moment is a real-time case study that will capture the attention and the imagination of anyone interested in equitable redevelopment, housing activism, and social justice in the North American city.
The Fourth Industrial Revolution
Author: Klaus Schwab
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194
Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194
Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
The Great Stagnation
Author: Tyler Cowen
Publisher: Penguin
ISBN: 1101502258
Category : Business & Economics
Languages : en
Pages : 98
Book Description
Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.
Publisher: Penguin
ISBN: 1101502258
Category : Business & Economics
Languages : en
Pages : 98
Book Description
Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.