May 19, 2016

LOSING THE PLOT:

Supply Side, Demand Side, or Innovation Side? (Edmund S. Phelps, 5/19/16, Project Syndicate)

It has become impossible to deny the so-called secular stagnation gripping the world's most developed economies: Wealth is piling up, but real wages are barely rising and labor force participation has been on a downward trend.

The acknowledgement that wealth is piling up is, of course, a denial of secular stagnation.

Posted by at May 19, 2016 6:40 PM

  

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