Are We Running Out of Ideas?

Economists have a hard time explaining why productivity growth has been shrinking. One theory: true innovation has gotten much harder – and much more expensive. So what should we do next?

The United States of Cory Booker

Season 5, Episode 23

This week on Freakonomics Radio: Junior U.S. Senator from New Jersey Cory Booker thinks bipartisanship is right around the corner. Is he just an idealistic newbie or does he see a way forward that everyone else has missed?

Then, as sexy as the digital revolution may be, it can’t compare to the Second Industrial  Revolution (electricity! the gas engine! antibiotics!), which created the biggest standard-of-living boost in U.S. history.  The only problem, argues the economist Robert Gordon, is that the Second Industrial Revolution was a one-time event.