Economic Theory

Why Has American Budgeting Failed?

Grasping at Luddite Straws

October 21, 2013
| Blogs & Op-eds

Benjamin Freidman has joined the ever growing neo-Luddite movement in America that mistakenly attributes our economic problems to too much technology and automation. This theory has now basis in the facts and is damaging to long term U.S. economic and innovation competitiveness.

Effective Innovation Policies and Institutions Continue to Help Drive Success of Nordic Economies

October 17, 2013
| Blogs & Op-eds

Denmark, Finland, and Sweden are three of the world's most competitive and innovative economies, as speakers commented at an ITIF event on Nordic Innovation: What Can America Learn from the Scandinavian Innovation Ecosystem. The recent success of the Nordic economies is a result of several factors that the United States can learn from, including: a strong bipartisan consensus regarding the importance of federal investment in education, scientific research, and innovation; well-organized national innovation systems that benefit from formally articulated national innovation strategies (Finland’s, Sweden’s, Denmark’s) and well-funded national innovation agencies; and fundamental reforms undertaken in these economies over the past two decades that have made their tax structures more globally competitive, markets more competition-based, federal budgets better balanced, and workers greater skilled. 

Nordic Innovation: What Can America Learn from the Scandinavian Innovation Ecosystem?

October 16, 2013 - 9:00am - 10:30am
The Information Technology and Innovation Foundation
1101 K Street NW
Suite 610A
Washington
DC
20005

Two decades ago, most pundits wrote off the Nordic countries, arguing that their social democratic model of high taxes, generous social benefits, and worker security were antithetical to innovation, productivity, and growth. Read more »

The Department of Commerce Should Establish an Office of Data Innovation

September 27, 2013
| Blogs & Op-eds

While President Obama has signed an historic executive order on open data and various government agencies have begun to promote data-driven innovation within their communities, such as the successful Health Datapalooza, there is still no federal government agency responsible for developing and implementing a national strategy to promote data-driven innovation across all sectors of the economy. To help fill this void, the Department of Commerce should establish an Office of Data Innovation.

Engineering 2.0: Rekindling American Ingenuity

September 11, 2013 - 9:00am - 10:30am
The Information Technology and Innovation Foundation
1101 K Street, NW
Suite 610A
Washington
DC
20005

Engineering is the “sine qua non” of technological innovation. Unfortunately, the U.S. is falling behind in the race for global innovation advantage in part because we are unable to efficiently translate research into competitively produced products. This leads to huge trade deficits in advanced technology products and stagnant growth. Read more »

Winning With Innovation-Based Economic Development

August 23, 2013
| Presentations

Robert Atkinson presented "Winning With Innovation-Based Economic Development" to the North Carolina Association of County Comissioners. His presentation touched on getting the economic development principles right and ensuring that the region's competitive future rests on innovation and entrepreneurship. 

The Three Most Important Thinkers about Innovation You Need To Know

The New Republic
The new Republic sights ITIF’s Robert Atkinson as one of the nation’s key innovation policy experts.

Competitiveness, Innovation and Productivity: Clearing Up The Confusion

August 19, 2013
| Reports

To listen to many economists, pundits and policymakers discuss the economics of growth it would be easy to be confused by the commonly used terms: competitiveness, innovation and productivity. These terms are often used almost interchangeably and with little precise meaning. To remedy the situation, this policy memo defines these terms and explains how each is important in driving economic prosperity.