Garage Inventing Google News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Joining me now is m.i.t. economist michael green stone director of the hamilton projects and author of the report. thank you for being here. here. thanks, ezra. the first question, the obvious one. what happened? do we get dumber? where did our innovation go? innovation, you were saying, it s a tricky thing. there s not a magic formula, but rather it s it comes out of an ecosystem or a series of small choices that add up to something big. and i think what happened is that beginning sometime in the 1970s, we stopped being as aggressive in making those investments and kind of putting together the lattice work that leads to innovation and ultimately determines or living standards. so you talked about that lattice work. the stereotype of innovation, a lone genius, addict. the brain in larry page in a garage inventing google. that implies no role for society much less the government. we wait and hope these guys think their great thoughts. ....

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