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Hayek Book Prize Finalist An Economist Best Book of the Year A Foreign Affairs Best Book of the Year From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that dis...
At last – a textbook on the public sector for students of social policy, public policy, political science and sociology. This book explains why we have a public sector and what tasks it is expected to perform.
For immigrants, their descendants, and anyone else looking to learn the unbiased truth about investing, Close the Gap & Get Your Share is a step-by-step guide to generating and passing on wealth in the US. Despite the American Dream’s promises of prosperity and security, many immigrants still discover a seemingly insurmountable wealth gap upon their arrival to the United States. From Dr. Julio Cacho, Cole Conkling, and Juan Carlos Herrera, managing directors of Inscription Capital, Close the Gap & Get Your Share is a crucial resource that explains US-based investing in a way that makes sense to immigrants (as well as novice investors) and allows them to attain financial prosperity—withou...
All African countries need better and more jobs for their growing populations. 'Digital Africa: Technological Transformation for Jobs' shows that broader use of productivity-enhancing digital technologies by enterprises and households is imperative to generate such jobs, including for lower-skilled people. At the same time, broader use can support not only countries' short-term objective of postpandemic economic recovery but also their vision of economic transformation with more inclusive growth. These outcomes are not automatic, however. Mobile internet availability has increased throughout the continent in recent years, but Africa's uptake gap is the highest in the world. Areas with at lea...
A new and coherent framework for fostering the breakthrough innovations that we urgently need to confront our collective future. We live in less innovative times than we think. Despite having made major technological advancements in a few areas, we are still left with enormous unsolved challenges. A radical shift in the culture of innovation is needed. On the Brink of Utopia, by authors Thomas Ramge and Rafael Laguna de la Vera, and with a foreword written by Nobel Laureate Stefan Hell, offers just that—a new and coherent framework for fostering breakthrough innovations for human progress. In their “Innovation Leap Paradigm,” they present seven steps in seven chapters and answer three ...
MCC Centre for Next Technological Futures Studies on Innovation, Technologies and Regions, Volume 1 As cyberpunk writer William Gibson famously said, “The future is already here—it’s just not evenly distributed.” This ironic statement is particularly relevant when we look at the map of innovation and entrepreneurial ecosystems in Europe, where we can easily see deep regional imbalances. But while the future of technology is nearly impossible to predict, it could be discovered by those companies—the startups whose basic working method is trial and error. In addition, the current deafening hype around artificial intelligence is also reigniting the debate about robots and their impact...
An approach to reinvigorating economic competition that doesn't break up corporate giants, but compels them to share their technology, data, and knowledge "Bessen is a master of unpacking the nuances of a complex array of interrelated trends to build a coherent story of how the promise of the democratized Internet ended up under the control of just a few. Read The New Goliaths to see how the forest came to have only room for a few tall trees with the rest of us in the undergrowth."--Joshua Gans, coauthor of Prediction Machines: The Simple Economics of Artificial Intelligence Historically, competition has powered progress under capitalism. Companies with productive new products rise to the to...
The High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth came together to provide policy analysis and practical proposals for actions that could help countries secure a strong recovery from the pandemic and a successful green transition. This report pulls together key findings from the deliberations and provides actionable recommendations to support a pathway to green, resilient, and inclusive development (GRID). The HLAG started by assessing the scale and nature of investment and financing challenges. It was immediately clear that investment needs require rapid and sustained scaling up: conservative estimates presented to the HLAG by Bhattacharya et al. (2022) suggest that EMDEs other than China have aggregate investment and development spending needs on the order of at least $1.3 trillion per year by 2025 and $3.5 trillion per year by 2030.
Hayek Book Prize Finalist An Economist Best Book of the Year A Foreign Affairs Best Book of the Year From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that dis...
Innovation offers potential: to cure diseases, to better connect people, and to make the way we live and work more efficient and enjoyable. At the same time, innovation can fuel inequality, decimate livelihoods, and harm mental health. This book contends that inclusive innovation – innovation motivated by environmental and social aims – is able to uplift the benefits of innovation while reducing its harms. The book provides accessible engagement with inclusive innovation happening at the grassroots level through to policy arenas, with a focus on the South-East Asian region. Focusing on fundamental questions underpinning innovation, in terms of how, what and where, it argues that inclusiv...