Reviving capitalist dynamism, with Tyler Cowen
The Permanent Problem
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The Great Stagnation and the Potential for Accelerated Change
The chapter discusses the idea of the great stagnation and provides evidence for the slowdown in scientific and technological progress. However, with recent advancements in AI and other fields, there is speculation about entering a new era of accelerated change. They explore factors contributing to the great stagnation, such as slumping productivity growth, the exhaustion of low hanging fruit, and over regulation, while also discussing potential solutions and the role of AI in driving future productivity growth.
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