The Coming Productivity Boom: Transforming the Physical Economy with Information

We’re excited to share this new research, conducted with Michael Mandel, and commissioned by the Technology CEO Council. Here’s the Executive Summary: Executive Summary The Information Age is not over. It has barely begun. ●  The diffusion of information technology into the physical industries is poised to revive the economy, create jobs, and boost incomes. Far from nearing its end, the …

Busting out of the 1.9% economy

The Congressional Budget Office yesterday published its annual 10-year economic outlook. It says, essentially, the economy will continue expanding for the coming decade at the tepid pace of the last decade. It predicts a slow-growth “new normal” of 1.9% annual expansion extending through 2027. If nothing changed, CBO might very well be correct. Yet it’s possible, even likely, that economic policy will change more in …

What’s behind the startling decline in publicly traded U.S. firms?

An underreported story of the last two decades is the sharp decline in the number of publicly traded U.S. firms. In 1996, U.S. stock markets boasted 7,322 listed firms. By 2015, however, that number had dropped by more than half, to 3,200. If we adjust for population, the U.S. had 2.2 public firms per hundred thousand people in 1975, but …