Is the continued sluggishness of the world's advanced economies a result of the financial crisis or is it a crisis in innovation? Has the financial crisis exposed a deeper malaise in advanced economies in that they are no longer making technological breakthroughs? Since the Industrial Revolution, economic growth has been spurred on by large technological breakthroughs - think steam, railways, the telegraph, electricity, the combustion engine, flight, chemical engineering, the computer, and the Internet. But have we run out of innovation with the result that economic growth will stagnate? Click here to read an op-ed piece by Kenneth Rogoff on this issue (hat tip: Graham Brownlow). Rogoff argues that the malaise is due to the financial crisis not an innovation crisis.
Michael Aldous and I had our book The CEO: The Rise and Fall of Britain's Captains of Industry published a few weeks ago. You can find out more about it and buy it at Cambridge University Press's website . It is also available at Amazon , Waterstones , and Barnes & Noble . The CEO has already been reviewed in The Sunday Times , The Observer and Financial Times .