Economists

The Forces Driving Our Economic Future

Frank Diana Economics, Our Emerging Future , , , , , , , ,

At the heart of our uncertain times lies an astounding level of convergence, with historical precedent dating back to the second industrial revolution and the decades that followed. It was Robert J. Gordon in his brilliant journey through the economic history of the western world that illuminated this convergence. In The Rise and Fall of American Growth, Gordon focused on a revolutionary century that impacted the modern standard of living more than any period before or after. It was also Gordon that concluded the world will never see a period like that again. It was his conclusion that prompted my development of a future innovation visual that sought to dispute it. While technology has driven human advancement for centuries, it has not done so in isolation. In periods like the one described by Gordon; other domains play a role in determining where technology takes us. This quote says it best:  

Continue reading →

Global Economic Prospects

Frank Diana Economics, Our Emerging Future , , , , , , ,

The prospects for the global economy are a function of convergence. While geopolitics drives economic volatility, societal shifts create uncertainty, and science and technology lead us down divergent paths. The World Economic Forum provided their thoughts in a recent article that looked at global economic prospects.

Continue reading →

A Look At Economic History

Frank Diana Books , , , , , ,

The “free market” is perhaps the most familiar of economic bywords. Since at least the Great Depression, the term has been a staple of the nation’s political discourse, used both to praise and to criticize policy. An economic philosophy intertwined with a number of powerful political ideologies

Jacob Soll – Free Market, The History of an Idea
Continue reading →

The Great Reset

Frank Diana Humanity, Our Emerging Future , , , ,

We face the task of understanding and governing 21st-century technologies with a 20th-century mindset and 19th-century institutions – Klaus Schwab: Shaping the Fourth Industrial Revolution.

In a video titled “The Great Reset”, economist Tyler Cowen uses a great metaphor of canaries in coal mines to describe the warning signals that seem like local events – but actually represent greater and broader stress. He uses several recent examples to highlight the growing stress in the system and the potential for a great reset in the future. Regardless of your belief system – it is hard to argue with the underlying logic. Whether we view this as the Fourth Age in human history, a third major Tipping Point, or a Great Reset, structural change is inevitable. This short seven minute video drives this point home.