Launching the Innovation Renaissance

Launching the Innovation Renaissance (Amzn link, B&N for Nook, also iTunes) my new e-book from TED books is now available!  How can we increase innovation? I look at patents, prizes, education, immigration, regulation, trade and other levers of innovation policy. Here’s a brief description:

Unemployment, fear, and fitful growth tell us that the economy is stagnating. The recession, however, is just the tip of iceberg. We have deeper problems. Most importantly, the rate of innovation is down. Patents, which were designed to promote the progress of science and the useful arts, have instead become weapons in a war for competitive advantage with innovation as collateral damage. College, once a foundation for innovation, has been oversold. We have more students in college than ever before, for example, but fewer science majors. Regulations, passed with the best of intentions, have spread like kudzu and now impede progress to everyone’s detriment. Launching the Innovation Renaissance is a fast-paced look at the levers of innovation policy that explains why innovation has slowed and how we can accelerate innovation and build a 21st century economy.

Here is a blurb from Paul Romer (NYU):

Progress comes from improvements in both our technologies and our rules. Alex Tabarrok makes a compelling case that in the United States, our rules on patents, education, and immigration are holding us back. If you want to think clearly about policies that matter for growth, turn off the TV, stop surfing the web, and read this book!

I discuss prizes and education in Launching and so was especially pleased to get this endorsement from Tom Vander Ark, formerly the president of the X PRIZE Foundation and the Executive Director of Education for the Bill & Melinda Gates Foundation and now CEO of Open Education Solutions.

If you’re a fan of MarginalRevolution like I am, you’ll want to read Tabarrok’s latest book. If you’re interested in innovation like I am, you need to read Launching the Innovation Renaissance. Alex poses thought experiments from patents to prizes, from health to education to immigration. He skewers Soviet-style employment bargains and offers insightful alternatives to improve our educational system. Alex is occasionally snarky, often witty, always incisive. Read this on your next flight.

FYI, I began this book before I read a draft of Tyler’s book The Great Stagnation and was interested to see that although we share a few common themes that perhaps due to differences in personality Tyler focuses on describing problems while I am more excited to promote solutions!


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