Innovation Economics Conference

Posted by: Michael Mandel on September 23

I know everyone is obsessed with financial collapse, but here’s a change of pace. I will be on a panel at a conference on Innovation Economics in DC on Thursday. At least I can throw a small beam of optimism on the future.

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Reader Comments

Mike Reardon

September 23, 2008 09:10 PM

If you look at it in a certain light Paulson is asking Congress to create a Federal Investment Bank that will apply liquidity as needed to underpin market stability. So projecting it to invest and support deep innovation in later infrascture build-outs might be a next and better step for a new sovereign investment bank.

Pete Hudson

September 24, 2008 01:26 AM

The future as far as I think for the next 5 to 8 years does not look so bright when we speak of the world economy as a whole. Considering the high cost on the war against terrorism and major companies in the United States declaring bankruptcy or restructuring. We will have to focus on two frontiers, which seem hard.

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Mike Mandel

September 24, 2008 07:45 AM

Pete

In the absence of innovation, your pessimism is absolutely justified. There is no way then to dig out of the hole. That's why innovation economics is so important

Kartik

September 25, 2008 02:22 PM

It is absurd to be this pessimistic, particularly when World GDP is still GROWING at 3% a year.

Rycoka

September 25, 2008 10:47 PM

I wonder if too many of America's "best and brightest" have been exercising their creativity on making money rather than doing things that actually help people?

Dan

September 26, 2008 02:26 PM

Great organization running the event - I've been a fan of Dr. Atkinson for years.

Innovation Economics is so important because money is currently backed by debt which is a promissory note backed by future productivity. The only sustainable way to increase productivity is innovation.

Money is, in fact, backed by productivity and productivity is backed by innovation. I can't imagine a more obvious link between what has happened and what needs to happen.

Thank you for your interest. This blog is no longer active.

 

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Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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