Understanding and Maximizing America’s Evolutionary Economy

Thursday, October 2, 2014 - 12:00 PM to 1:30 PM
Information Technology and Innovation Foundation
1101 K Street, NW 610A
Washington, DC 20005

In the conventional view, the U.S. economy is a static entity, changing principally only in size (growing in normal times and contracting during recessions). But in reality, our economy is a constantly evolving, complex ecosystem. The U.S. economy of 2014 is different, not just larger, than the economy of 2013. Understanding that we are dealing with an evolutionary rather than a static economy has significant implications for the conceptualization of both economics and economic policy.

ITIF President Robert Atkinson will present the findings from a new report that contrasts an evolutionary economic view with conventional economics, analyzes the three main sources of U.S. economic evolutionary change, and presents eight key principles for an evolutionary economics-inspired economic policy.

Read the book online.

10/02/2014 12:0010/02/2014 13:30America/New_YorkITIF Event: Understanding and Maximizing America’s Evolutionary EconomyInformation Technology and Innovation Foundation, 1101 K Street, NW, Washington, DC 20005More information: https://itif.org/events/2014/10/02/understanding-and-maximizing-america%E2%80%99s-evolutionary-economyMM/DD/YYYY
Robert D. Atkinson
Information Technology and Innovation Foundation
Eric Beinhocker
Executive Director
The Institute for New Economic Thinking, Oxford
Michael Lind
Visiting Professor
Lyndon B. Johnson School of Public Affairs, University of Texas
Richard R. Nelson
Professor of Economics
Columbia University