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The torrid pace of progress in information technology, so the story went, had increased the demand for the highly skilled and educated.
Mr Cowen argues that a major slowdown in innovation is constraining potential growth, while new progress in information technology isn't providing benefits to most workers.
There has been significant progress in information sharing by the nation's 16 separate intelligence agencies, plus a "major success" in the screening of passenger lists by the Transportation Security Administration.
On a slightly more elevated note, Matt Yglesias has some fun with a prominent libertarian, Peter Thiel, who looks at the contrast between rapid progress in information technology and less rapid progress in "stuff" and blames.. the government.
Carl Shapiro, an economist at the University of California, Berkeley and an expert on technology and innovation who stepped down from President Obama's Council on Economic Advisors last year, calls the progress in information technology and biotechnology over the last 25 years "breathtaking".
Progress in information technology has enabled to collecting data in near real-time.
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It appears thus that there has not been much changes in the recent decades despite progresses in information technologies.
The report concludes that while the UK has made huge progress in improving information handling and information security, there remain significant areas of concern.
The sequencing of the genome is a landmark of progress in specifying information, decoding it into its many coded meanings and learning how it goes wrong in disease.
For all the progress in processing information, Darpa experts say, computers are still unable to learn, explain their reasoning or fix themselves.
Quite where these would emerge is causing some worry in markets.Bank regulators have made progress in publishing information on exposures.
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