Business Week Podcast – Was There a Lack of Innovation in the Last Decade?
Last Updated on Tuesday, 7 July 2009 08:30
Written by dbhalling Tuesday, 7 July 2009 08:30 |
This podcast explains that the U.S. economy revolved around the housing market and easy credit in the last decade and that the U.S. failed to innovate. Innovation is the key to economic growth and the only mechanism for increasing per capita income. The podcast discusses the new field of “innovation economics.” Traditional economics gives lip service innovation, but has not studied its causes and effects.
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