Monthly Archives: February 2021

Prohibition, disrupted networks, and innovation

The best answer to the question “Do government regulations hurt innovation?” seems to be “It depends.” The suspicions against regulations are fueled by wide-spread belief that they damage economic growth, with which innovation is intimately connected. Yet, academic research on the … Continue reading

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Innovation and spirit. Yes, that spirit.

Recent evidence strongly suggests that the U.S. is facing a growing shortage of novel ideas. Worse, the cost of getting these ideas is growing while their quality seems to be declining. Left unchanged, this trend may have serious negative consequences for American innovation. … Continue reading

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Does labor regulation hurt innovation?

Those who believe that government regulations, including labor laws, hurt innovation, please, raise your hand. Wow, quite a few hands raised! Indeed, the suspicion against regulations is fueled by common belief that they damage economic growth, with which innovation is … Continue reading

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