Tyler Cowen’s new e-book

It’s The Great Stagnation and the Amazon link is here. The basic thesis is that during the 19th and 20th century we (meaning the US) plucked virtually all of the “low hanging fruit” that would increase GDP and we’re just stuck until some serious innovation takes place–innovation that can actually produce revenue and get people jobs (the Net doesn’t do particularly well at either of those).

I’m still reading the book, but couldn’t help a blogpost about one of his prescriptions for fixing things: increasing the status of scientists. Tyler knows full well that I’m biased on this point, but I couldn’t agree more.

I believe that if we’re to see innovations that will make a difference, they are going to come from our investments in basic and applied science. And, to some extent, they will be serendipitous. But, like electricity and railroads, they will get us on the move again.

My top guesses:

  1. Energy
  2. Public health
  3. Privately funded exploration and exploitation of the solar system