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ol.mononitrate differin benzoyl peroxide cleanser In his new book, Nobel Prize winner Edmund Phelps frets that the culture of dynamism that leads to innovation has dwindled. He recently hosted a conference on the future of innovation where Robert Gordon of Northwestern argued, using results from a paper he wrote last year, that the pace of innovation has slowed because all the big and important things (electricity, indoor plumbing, cars) have already been discovered. Tyler Cowen argued a similar idea, with his book The Great Stagnation. He also believes all the low-hanging fruit has been picked; there isn't much left to innovate that will have a notable increase in living standards. That suggests we've not only run out of new labor and capital but ideas, too.

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