Why do most people stop working for pay somewhere between age 62 and 67? Is this optimal? Would people benefit from arrangements that provide more flexibility, allowing those who want to work longer to do so more easily? We believe they would. Relative to our history as human beings, life has gotten unimaginably long. It is not uncommon to live …
Is the “Long Boom” of Technological Advancements Over?
Few would disagree that the period from 1870-2010 saw immense technological advancements that improved our quality of life. But, according to Bradford DeLong, far fewer advances lie ahead, and societies should adapt by “slouching” away from a free-market system. He’s wrong on both counts. There are two kinds of economists: those who labor in the fields trying to understand the …