The Great Economic Slowdown: How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent

by Edmund S. Phelps, Gylfi Zoega, Hian Teck Hoon

This book charts the fall of productivity growth and the rise of inequality within global economies and societies. Set out through a series of economic models, the impact of falling rates of productivity growth, particularly in the USA, are examined in relation to lowering interest rates, the lifting of the stock market, and an increasingly unequal distribution of wealth. The economic impact of COVID-19, including the increased tendency to work...

• Format: Hardcover
• Language: English
• ISBN: 3031314409
• ISBN13: 9783031314407
• Release Date: September 2023
• Publisher: Palgrave MacMillan
• Length: 140 Pages
• Weight: 0.79 lbs.
• Dimensions: 0.4" x 5.8" x 8.3"