No, we aren't running out of new ideas
- Written by Beth Webster, Director, Centre for Transformative Innovation, Swinburne University of Technology
Is the rapid increase in research actually paying off?ShutterstockWe’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...