Herman Daly
Eduardo Porter: aging population seems to be hurting productivity growth, robots and automation may help
Code du Travail - Macron given authority to make changes
Upshot: JW Mason of Roosevelt Institute argues that slow growth restrains productivity - Keynesian-type demand argument
transition to unitary national sales tax system to replace state and federal system
social programs that promote work and productivity: EITC, Food Stamps, etc
preview of likely policy concepts, quotes from Cohn
criticisms of chaebols - corruption, inequality generator, blockage of innovation and young
quality, free internet and convenience not in GDP
Porter cites studies of net benefit
Macro growth math: labor force growing too slowly to reach 1980s overall rates, productivity growth slower too
Sorkin: no Fortune 500 CEOs supporting Trump
both Trump and Clinton support more infrastructure spending
Upshot: elites care more about efficiency and size of pie than most, who care more about fairness and equity
Mankiw surveys 5 theories for slow growth
Gothenburg experiment finds higher productivity, total output and profits may not fall
Porter 2016 May 10 - infrastructure and countercyclical spending in history