The Innovation Illusion – How so Little is Created by so Many Working so Hard
Invitation to book release!
It has been in the making for years – and finally Fredrik Erixon and Björn Weigel are now releasing their new and highly provocative book, The Innovation Illusion (Yale University Press). Erixon and Weigel take stock of Western economic development since the 1970s and argue that our societies have reduced the space for big innovation and economic change. That is why Europe and America grow their economies at a slower pace – and why income growth has stagnated and inequalities gone up. Western societies, Erixon and Weigel argue, should fear innovation famine rather than innovation feast – that robots, AI, automation and other new technologies are not coming fast enough.
Please join ECIPE and its Five Freedoms Project for a book release event with Fredrik and Björn.
P.S. You can buy the book at the event for 20 EUR.
Do you want to know what other people says about the book? Here are two endorsements:
Today’s hidebound capitalism is throttling not just the west’s economic growth, but even the aspirations of its people. If dynamism is to be regained, argues this thought-provoking book, we must reject the rentier capitalism that masquerades as the real thing. This argument for a more dynamic market economy is not just challenging; it is also of huge importance.
—Martin Wolf, Financial Times
Economic stagnation afflicts the developed world, and the puzzle of slow productivity growth is the leading economic question of our age. Erixon and Weigel have developed a profoundly original and multi-faceted explanation rooted in the dead weight of corporate bureaucracy, with its striving for short-term profits and avoidance of risk, as well as government-created regulatory complexity and policy uncertainty. The book is concise, lively, full of examples, and deeply researched from sources that span economics and management science.
—Robert J. Gordon, Stanley G. Harris Professor in the Social Sciences, Northwestern University, and author of The Rise and Fall of American Growth