Quote #173,080

"After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countr..." — Edmund Phelps

After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.
Edmund Phelps
Edmund Phelps Economist • American
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As a grandson of farmers in downstate Illinois, I have long admired the dedication of farmers to their work and have written about the role of agriculture in American innovation.
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In America, black urban teenagers have long been lacking in inclusion. In France, there is a comparable lack of inclusion among North Africans. In much of Europe, there has been little attempt to include the Roma.
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When I was a teenager, I learned to play the trumpet. Music became my passion.
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The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations.
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