A Response to Dean Baker’s Review of Innovation Economics

Stephen Ezell August 29, 2012
August 29, 2012

Dean Baker critique doesn’t engage the key point of Innovation Economics: that it was the failure of the U.S. innovation economy that was the underlying cause of the economic crisis and now our continuing anemic recovery. Throwing trillions more of stimulus at it won’t solve the problem (though it may kick it to the next generation, as appears to be the wont of policymakers in Washington these days). Rather, we need to get serious about addressing the underlying competitiveness challenges we face through smart policies including what ITIF calls the “4Ts” of tax, trade, technology, and talent.