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This condition, which economists label 'secular stagnation', is associated with limp and vulnerable economic expansions, which often conclude in the deflation of big asset-price bubbles

[...] Advanced economies cannot turn poor countries into rich ones, and we lack a foolproof recipe for poor countries seeking to make themselves rich. What can be achieved and has reliably been achieved, is the process of helping residents of poor countries to become rich by welcoming them into pla…

[...] warehouses are potentially a source of vast amounts of employment for less-skilled Indians (of which there are hundreds of millions). Yet the falling cost of simple robotics and the increasing power of computing means that many of those jobs may never be created. Instead a very small number o…

[...] we once devoted most of our household budgets to physical things: food and drink, clothing and furniture. Now we spend vast amounts on things like education and healthcare, or on housing [...]