Tyler Cowen Quotes:
Ocupation: Economist
Life: b. January 21, 1962
Birthday: January 21
If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.
topic: Simple, Ties, Innovation, Income Inequality, Median, Stagnation, One Sentence, Macroeconomics
