House Ways and Means Ranking Member Sandy Levin’s remarks regarding U.S. trade negotiations reflect the principles of innovation economics, and why they are necessary in our global marketplace.
What Does $3.2M Buy in Open Government?
The Knight Foundation received hundreds of submissions to its “Knight News Challenge on Open Gov.,” a competition designed to create new tools to improve how citizens interact with government. Last month, the Foundation awarded over $3.2 million to eight winners. Here’s a round-up of what they do.
Econ 101 is Killing America
In a piece for Salon, Atkinson and Lind, the Policy Director for the Economic Growth Program at the New America Foundation, debunk a series of myths regarding the practice of economics that negatively impact public policy and political decision making. By better understanding what economics is, and what it isn’t, policymakers will be able to more accurately analyze and address the growth and development challenges we face.
If you are intrigued by this blog, you may want to take this simple online test to "find your economic type".
Innovation is Still the Answer
Some argue that technology is changing too much too fast, others that it is changing too little too slow. The truth is in between, but that does not mean we should sit back and relax. We need continued, deliberate innovation policies in order to increase living standards and maintain competitiveness
Brazil in the Global Innovation System
Robert Atkinson addresses where Brazil is in regard to innovation and innovation policy as well as implications for policymakers. Policymakers are reminded that innovation and productivity are the key to growth and the right innovation policy drives growth.
Amateur Political Philosophy
In a new article, prominent conservative economist Gregory Mankiw defends the rich because he believes they have brought us value commensurate with their wealth. But this conception of a “fair” market is premised on ignoring government’s role. We need to understand government as a critical partner in the creation of our market economy.
Data Is Not PRISM: In Defense of Analytics
In the wake of the leaks that revealed the National Security Agency’s (NSA’s) PRISM surveillance program, several recent articles have responded with criticism of “big data.” But while data science, like any other technology, can be misused, it’s important for policymakers not to discourage its use in general.
Prospering Through Innovation Economics
Europe faces a quandary. The difficult fiscal straits most European nations face precludes “Keynesian” stimulus policies to spur demand. Yet austerity is a recipe for stagnation, even decline. But without austerity, budget deficits threaten the trust in financial institutions. ITIF president Rob Atkinson proposes five approaches to cope with this quandary and for Europe to maintain it's global competitiveness: embrace "innovation economics," embrace Schumpeter, embrace high productivity in all sectors, embrace work, and embrace an anti-mercantilist alliance with America.