Tyler Cowen Quote
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.
Tyler Cowen
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.
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About Tyler Cowen
Cowen writes the "Economic Scene" column for The New York Times and since July 2016 has been a regular opinion columnist at Bloomberg Opinion. He also writes for such publications as The New Republic, The Wall Street Journal, Newsweek and the Wilson Quarterly. He is general director of George Mason's Mercatus Center, a university research center that focuses on the market economy. In September 2018, Tyler and his team at George Mason University launched Emergent Ventures, a grant and fellowship focused on "moon-shot" ideas.
He was ranked at number 72 among the "Top 100 Global Thinkers" in 2011 by Foreign Policy. In a 2011 poll of experts by The Economist, Cowen was included in the top 36 nominations of "which economists were most influential over the past decade".