Boom: Bubbles and the End of Stagnation

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About This Book

"A timely investigation of the causes of technological and scientific stagnation, and a radical blueprint for accelerating innovation. From the Moon landing to the dawning of the atomic age, the decades prior to the 1970s were characterized by the routine invention of transformative technologies at breakneck speed. By comparison, ours is an age of stagnation. Median wage growth has slowed, inequality and income concentration are on the rise, and scientific research has become increasingly expensive and incremental. Why are we unable to replicate the rate of progress of past decades? What can we do to reinvigorate innovation? In Boom, Byrne Hobart and Tobias Huber take an inductive approach to the problem. In a series of case studies tracking some of the most significant breakthroughs of the past 100 years-from the Manhattan Project and the Apollo program to fracking and Bitcoin-they…

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