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How “Shareholder Value” is Killing Innovation

The prevailing stock market ideology enriches value extractors, not value creators Read more

Is Productivity Growth Becoming Irrelevant?

As the Nobel laureate economist Robert Solow noted in 1987, computers are “everywhere but in the productivity statistics.” Since then, the so-called productivity paradox has become ever more striking. Automation has eliminated many jobs. Robots and artificial intelligence now seem to promise (or threaten) yet more radical change. Yet productivity growth has slowed across the advanced economies; in Britain, labor is no more productive today than it was in 2007. Read more