: National Bureau of Economic Research, August); and Tyler Cowen (2011), The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better (New York: Dutton). For a more optimistic perspective, see Joel Mokyr (2014), “Secular Stagnation?
Not in Your Life,” in Coen Teulings and Richard Baldwin, eds., Secular Stagnation: Facts, Causes and Cures (London: CEPR Press), pp. 83–89; and Erik Brynjolfsson and Andrew McAfee (2014), The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies (New York: W.W. Norton & Company).