Everywhere, Except in Economics
Innovation Drives Economic Growth
Conventional wisdom, economic growth 101, believes
capital and labor are the primary drivers of economic
growth. But such conventional wisdom is not as wise
as it seems.
Because of this the impact of innovation has been
underestimated by economists for decades.
This is no small matter. The origins of growth are at
the heart of human welfare across the globe.
Innovation professionals have known that, also for
decades. But we have faced a barrier.
Economists don't know what we know. Do you?
Speaking up in a language economists will listen to
and understand is a recent achievement,
