I was very frustrated by reading this book. It gives a very poor representation of the causes of the 'Great Stagnation', essentially blaming the exhaustion of 'low-hanging fruit' from the American economy and referencing very few other causes. In fact, all it does is repeat 'low-hanging fruit' over and over for tens of pages before coming to an extra-ordinarily brief section on a possible solution. This is the fabled solution hinted at in the Title byline - "How America....will (Eventually) Feel Better."
Perhaps the reason you may be looking at this book is to read of inventive or well thought out ideas on how America (and perhaps the world) will get out of its economic strife. If so, you will be bemused to learn that Cowen's only idea (if you can call it an idea) is to value scientists more. That is it. No thoughts on deleveraging, rebalancing economies, increasing education standards, better regulation of banking (and the like), no thoughts how the political situation in America allowed such a housing bubble and a moral-hazard bailing out of the banks. Instead, we should value scientists more. This is a worthy goal, but not a solution, and certainly not one that merits the grandiose reference in the book's title.
If you are looking for a well thought out, well researched and well written book on the causes and solutions to the World's ills, do not buy this book, at any price.
Another review of the book by Howard Davies , the former head of the FSA (British banking regulator) is worth a read. His conclusion: "So, Cowen has clearly described an interesting phenomenon, advanced a partial explanation of it, and identified a frankly daft solution. "