Economics of Innovation
Focusing on understanding the context in which innovation is possible, and examining the role of innovation in growth and distribution.
Bill Janeway explains why “efficiency is the enemy of innovation,” and how venture capitalists and the state advance technological change
The YSI Economics of Innovation Working Group in partnership with the Ragnar Nurkse Department of Innovation and Governance, Tallinn University of Technology is hosting a YSI Conference on “Innovation, Institutions and Governance”.
The Institute for New Economic Thinking at Oxford researchers and collaborators data mine 200 years of US Patent Office records to uncover the true nature of innovation.
Innovation, the commercialization of invention, is both desirable and necessary for growth and higher living standards in modern economies. Innovation’s contribution to the economy is being measured increasingly more precisely, and its contribution has been assessed aseconomically important and growing.
Few would argue that America’s fortunes rise and fall on its ability to generate technological innovations — to put bold ideas to work and then bring them to market.
What if innovation is not an unalloyed good for society? What if it simply adds to our current dystopian dysfunction?
“The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” John M. Keynes, The End of Laissez Faire, 1926 (p. 44)
How can the state manage its central role in the innovation economy if the state itself has become an instrument for facilitating corporate predation?
Profits Without Prosperity: How Stock Buybacks Manipulate the Market, and Leave Most Americans Worse Off
Five years after the end of the Great Recession, corporate profits are high and the stock market is booming. Yet most Americans are not sharing in the apparent prosperity.