Part of the Supplemental Materials for INNOVATION AND U.S. COMPETITIVENESS The Conference Board report #R-1441-09-RR About the Report: The Conference Board has recently undertaken a project on innovation and competitiveness, with funding from Microsoft Corporation. The goal of the project is to...

Never before in human history has the growth of per-capita economic production even remotely come close to that of contemporary Western Europe, the United States and a few other countries. The contribution to innovation, education and human health is also unparalleled. The explanation for these...

What is perhaps most curious about 'Say's law' is the continuing disagreement on its substance and to whom it should be credited. John Maynard Keynes summarized the law as 'supply creates its own demand' but it is now generally agreed that Keynes did not get it quite right. The author has been...

The paper studies the principal influences accounting for the unprecedented growth and innovation performance of the free-market economies. It indicates that vigorous oligopolistic competition, particularly in high-tech industries, forces firms to keep innovating in order to survive. This leads...

I can only applaud Dan Johansson's excellent and highly illuminating article (Johansson 2004). I have already and repeatedly joined other voices in noting the virtual expulsion of the entrepreneur from the contemporary mainstream literature of economics. I have also joined the call for the...

Endogenous growth theory has made many valuable contributions, perhaps most notably in providing the tools that permit more effective empirical investigation of the growth process. Its one shortcoming, which is stressed here, is its inability to live up to its name, for where it has failed is in...