Innovation & Knowledge-Based Economics


The New Geography of Jobs (Enrico Moretti)

Written on November 2, 2012 at 6:59 pm, by

Enrico Moretti’s, The New Geography of Jobs (Houghton Mifflin Harcourt, Boston, 2012). has been exceptionally well received by many of the economic development literari. Some commentators have described New Geography as the best economic development book of 2012. And if you don’t read New Geography, you would also miss reading the best, most readable explanation and defense of innovation, knowledge-based economics and their effects on the location of jobs in the United States. There is a lot going on in New Geography. You should read on because what lies below the thematic visible tip of New Geography and innovation economics is its frank and realistic understanding of what innovation economics can do and not do, and, perhaps more important, the linkage of innovation economics with American culture and society.

What's the Theory Behind Innovation and the Knowledge-Based Economy

Written on August 31, 2012 at 7:40 pm, by

Who are the Gods of Innovation and Knowledge-Based Economics? Who “Thunk” It Up? Where Did It Come From? Don’t Know? Then this review is The Perfect Take It to the Beach-Labor Day Reading — Innovation Economics–Everything you wanted to know (AND LOTS AND LOTS MORE) about the economics underlying innovation, creativity, entrepreneurship and the knowledge-based economy. Learn about Romer, Krugman, Lucas, Solow and Schumpter from our review of David Warsh’s, Knowledge and the Wealth of Nations.

Innovation: A Dirty, Sloppy, Time-consuming and Unfair Process

Written on July 6, 2012 at 6:15 pm, by

Innovation is too important a concept, too serious a strategy to be treated with the casualness, simplicity and inevitable benevolence that we read in current literature and blogs. Innovation has become so trivialized we have lost sight of its Luke Skywalker/Darth Vader two edge sword complexity. Instead we have an “everything is beautiful” and it’s “so easy we all can do it” atmosphere. It’s time we sobered up and remember that Innovation is a wonderful but dark, dirty, greedy, timeconsuming and very sloppy economic development strategy.