News



News

No, we aren't running out of new ideas

  • Written by Beth Webster, Director, Centre for Transformative Innovation, Swinburne University of Technology
imageIs the rapid increase in research actually paying off?Shutterstock

We’ve picked all the low hanging fruit when it comes to new ideas, and the world is set for more parsimonious times. This is the idea put forward in a recent research paper by Nicholas Bloom, John Van Reenen and their co-authors.

The paper argues that productivity growth has...