This AEI Events Podcast features Fredrik Erixon and Björn Weigel, coauthors of “The Innovation Illusion: How So Little is Created by So Many Working So Hard,” hosted by AEI’s James Pethokoukis. Erikson argues that the declining pace of innovation in Western economies during the past few decades can be attributed to the increasing dominance of financial institutions over capitalists, corporate bureaucratization, globalization that reduces competition in certain markets, and restrictive, opaque regulations.

Erikson and Weigel are joined by AEI’s James Pethokoukis and George Mason University’s Tyler Cowen in a panel discussion. Dr. Cowen argues that even though economic growth has slowed, there is more invisible innovation in society. The discussion is moderated by AEI’s Stan Veuger.

This event took place on May 15, 2017.

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Published in: Economics

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  1. Joe D. Inactive
    Joe D.
    @JosephDornisch

    What about the idea that in America, Europe, and the rest of the developed world that the rate of gdp growth is going to be inherently slower just due to the simple fact that there is less population growth. I remember listening to a prior economist interview here at Ricochet with James Pethokoukis who suggested this and that 2% growth is still pretty meaningful with the lower population growth.

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