Innovation

Why We Need to Stop Relying On Patents to Measure Innovation

Patent databases may be a smoke screen that hides the true issues, problems, and dynamics of innovation behind the illusion that innovation...

The Economic and Social Implications of Racial Disparities: A Webinar With Lisa Cook

Michigan State University professor Lisa Cook joined Princeton’s Bendheim Center for Finance to discuss how violence impacts innovation, as well as the...

High-Priced Acquisitions of Tech Startups Do Not Always Stimulate More Innovation

What seems to be a big reward to innovation ultimately reduces the incentive to innovate, argues a new Stigler Center working paper by Krishna...

Are “Patent Trolls” Stick-Up Artists or Just Benign Middlemen?

A new study explores the dual effect that non-practicing entities, commonly known as patent trolls, have on innovation and the market of ideas. The discussion...

Inside Tech’s “Kill Zone”: How to Deal With the Threat to Edge Innovation Posed by Multi-Sided Platforms

Dominant tech platforms can exploit the vast amounts of user data available only to them to squash startups and independent providers. Hal...

Google and Facebook’s “Kill Zone”: “We've Taken the Focus Off of Rewarding Genius and Innovation to Rewarding Capital and Scale”

A Stigler Center panel explores the implications of tech giants’ dominance on innovation and startups. Earlier this week, Treasury Secretary Steven Mnuchin joined a growing...

The Motives of “Joiners” Explain Higher Rates of Innovation in Startup Firms

It’s not just the founders of startups who boast an entrepreneurial spirit and a willingness to take risks. Those who join new ventures show...

Are Innovators Born or Made?

The question of whether people are born with innovative talent or can develop it has knock-on effects to issues ranging from productivity growth in...

America's "Lost Einsteins" Are Dealing a Blow to Innovation

A new paper finds that America is full of "lost Einsteins" among women, minorities, and low-income groups: high performers who never become inventors because...

LATEST NEWS

The “Conspiracy” of Consumer Welfare Theory

Matt Stoller argues there was a conspiracy. It was more of an association with a singular purpose.

Researchers Find Reduced Competition After Pandemic

The chart of the week comes from a new research paper that documents the increase in small business closures during the Covid...

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...

How to Design Data Protection Laws That Actually Work 

More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in...