Liberalism Must Embrace Innovation Economics

July 29, 2011

In a Breakthrough Journal Article, Rob Atkinson comments that liberal economics has failed because it can't articulate a viable alternative to the hegemonic neoclassical economic doctrine. To regain currency in economic affairs, liberals need a new economic agenda based not on redistribution but on innovation and competitiveness. Liberals should embrace a new emerging doctrine-Innovation Economics-which focuses on productive public-private partnerships to boost productivity and innovation and could point the way toward bipartisan agreement on economic policy.