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When Talent Started Driving Economic Growth

Harvard Business Review

I came out of a standard Keynesian economics education at Harvard College in 1979. It took place in the fertile environment of the 1970s when the world woke up to the importance of talent and its incentives. But I graduated into an economy that was couldn’t be explained by applying the tools I had been taught.

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The Nostalgia Trap

Harvard Business Review

In that environment, labor took home a much larger share of economic growth than it does today. ” Besides, “there’s basically no country in the world where the consumer is not doing well,” added Bart van Ark, chief economist at The Conference Board. In the U.S.,

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