Patents, Prizes and Subsidies

Thinking about the Solow model and the limits of capital accumulation as a force for growth leads naturally to thinking about ideas and the institutions that create incentives to produce and use new ideas. Here is Patents, Prizes and Subsidies, the latest video from our Principles of Macroeconomics course at MRU–based, of course, on our textbook, Modern Principles.

My favorite part of this video is Tyler doing a cameo as an armchair economist.

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