Difference between revisions of "Reviews of "The Great Stagnation""
From Critiques Of Libertarianism
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Amusingly, "The Great Stagnation" is a revival of [http://en.wikipedia.org/wiki/Alvin_Hansen Alvin Hansen]'s old idea of [http://en.wikipedia.org/wiki/Economic_stagnation "secular stagnation"], which said that [http://en.wikipedia.org/wiki/Alvin_Hansen "... the American economy would never grow rapidly again, because all the growth ingredients had played out, including technological innovation and population growth...."] This was stated in the 30's, just before the record-breaking postwar boom. | Amusingly, "The Great Stagnation" is a revival of [http://en.wikipedia.org/wiki/Alvin_Hansen Alvin Hansen]'s old idea of [http://en.wikipedia.org/wiki/Economic_stagnation "secular stagnation"], which said that [http://en.wikipedia.org/wiki/Alvin_Hansen "... the American economy would never grow rapidly again, because all the growth ingredients had played out, including technological innovation and population growth...."] This was stated in the 30's, just before the record-breaking postwar boom. | ||
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| + | One critic ("name99") writes: | ||
| + | <blockquote>The real problem is that (as far as I can tell) Cowen is incapable, or uninterested in, distinguishing between | ||
| + | * rising technology and knowledge | ||
| + | * rising gross national income | ||
| + | * rising median income | ||
| + | * world and US incomes | ||
| + | He slips between different versions of these at different times, which makes it hard to argue with him and makes the whole enterprise come across as very much something written to justify a pre-existing set of preferred policies.</blockquote> | ||
There are many positive reviews from Cowen's fellow travelers and reviewers who do not see through the trick. Those are omitted from this list because they are generally foolish or also deceptive. Besides, this is the CRITIQUES Of Libertarianism web site. | There are many positive reviews from Cowen's fellow travelers and reviewers who do not see through the trick. Those are omitted from this list because they are generally foolish or also deceptive. Besides, this is the CRITIQUES Of Libertarianism web site. | ||
{{List|Reviews of The Great Stagnation|links=true}} | {{List|Reviews of The Great Stagnation|links=true}} | ||
