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,