Reenen, John Van (ed.), 'Innovation and Human Capital Policy', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0003, accessed 8 Dec. 2023. Productivity Growth Slowdown: Since the 1970s, U.S. productivity growth has slowed, with GDP growth declining from 4% in the postwar years to under 2% since 2000. Real wage growth has also slowed, particularly for …
Author: Richard Wilson
Chapter summary – Ch. 1 “A Calculation of Social Returns to Innovation” in Innovation and Public Policy
Jones, Benjamin F., and Lawrence H. Summers (eds), 'A Calculation of the Social Returns to Innovation', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0002, accessed 8 Dec. 2023. General Introduction to Social Returns to Innovation: The introduction highlights the significant rise in living standards in advanced economies over the last two centuries, with U.S. income …
Offbeat: Gluttony
This is a great article (paywall): "As God is my witness, gluttony is not a sin" in The Financial Times Magazine, 7 Dec 2023, London, https://www.ft.com/content/0fec3572-1186-4c45-88df-221243ee9997 (accessed 8 Dec 2023) It’s in the Book of Proverbs that King Solomon lays out “six things the Lord hateth, and the seventh His soul detesteth”. This proto-listicle includes …
Chapter summary – “Contribution of Economic History to the Study of Innovation” in Handbook of the Economics of Innovation
Joel Mokyr,Chapter 2 - The Contribution of Economic History to the Study of Innovation and Technical Change: 1750–1914,Editor(s): Bronwyn H. Hall, Nathan Rosenberg,Handbook of the Economics of Innovation,North-Holland,Volume 1,2010,Pages 11-50,ISSN 2210-8807,ISBN 9780444519955,https://doi.org/10.1016/S0169-7218(10)01002-6.(https://www.sciencedirect.com/science/article/pii/S0169721810010026) Crucible Steel's Importance: Benjamin Huntsman's crucible process in the 18th century significantly improved steel quality, crucial for durable machine parts and tools, impacting …
Chapter summary – Introduction to Innovation and Public Policy by Jones and Summers
Jones, Benjamin F., and Lawrence H. Summers (eds), 'Introduction', Innovation and Public Policy (Chicago, IL, 2022; online edn, Chicago Scholarship Online, 22 Sept. 2022), https://doi.org/10.7208/chicago/9780226805597.003.0001, accessed 7 Dec. 2023. Introduction by Jones and Summers: Argument: Innovation has profoundly impacted society over the past 150 years, more than wars or laws. Supporting Facts/Examples: The text cites …
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You never step into the same river twice
"No man ever steps in the same river twice, for it's not the same river and he's not the same man." Heraclitus Heraclitus by Johannes Moreelse (1630) Meaning This quote reflects on the nature of change and impermanence. Heraclitus believed that the universe is in a constant state of flux and that everything is continuously …
Podcast summary: “Is Andrew Forrest’s hydrogen dream a fantasy?”, The Fin Podcast, 1 Dec 2022
"Is Andrew Forrest's hydrogen dream a fantasy?", The Fin Podcast, 1 Dec 2022, Episode 7 - Is Andrew Forrest’s hydrogen dream a fantasy? - YouTube Market Uncertainty Pricing Volatility: The cost of green hydrogen production is still relatively high, largely due to the expensive nature of the electrolysis process and the infrastructure required. This cost, …
Poem – To his coy mistress by Andrew Marvell
https://youtu.be/Edb25losxik?si=DSLQoJq9kA6aGWOc To His Coy Mistress Had we but World enough, and Time,This coyness, Lady, were no crime.We would sit down, and think which wayTo walk, and pass our long Loves Day.Thou by the Indian Ganges sideShould'st Rubies find: I by the TideOf Humber would complain. I wouldLove you ten years before the Flood:And you should if you please refuseTill …
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Chapter summary – “Concepts for Measuring Innovation” in the OECD Handbook of Measuring Innovation (“Oslo Manual”)
OECD/Eurostat (2018), Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation, 4th Edition, The Measurement of Scientific, Technological and Innovation Activities, OECD Publishing, Paris/Eurostat, Luxembourg, https://doi.org/10.1787/9789264304604-en. 1. Explanation of Innovation Theories Diffusion Theory (Rogers, 1962): This theory, developed by Everett Rogers, focuses on how innovations are spread within a social system. Rogers proposed that adoption …
Ancient wisdom on Leadership from Plutarch
Bio Plutarch was a Greek historian, biographer, and essayist, born around 46 A.D. in Chaeronea, Boeotia, in ancient Greece. He is best known for his work "Parallel Lives," a series of biographies of famous Greeks and Romans, paired to illuminate their common moral virtues or failings. This work, along with his other writings, particularly "Moralia," …
RICHARD WILSON 