14 Jun 2023
19m

Two Indicators: The economics of innovation

Podcast cover

Planet Money

This podcast episode delves into the challenges inventors face within large organizations, highlighting the stifling effects of bureaucracy and the dilemma of choosing between established organizations and scrappy startups. It explores the relationship between corporate structures and innovation, revealing the decline in productivity growth in the US economy despite increased investments in innovative activities. The discussion also examines barriers to innovation within large legacy companies, emphasizing the potential of companies like SpaceX and their ambitious projects in overcoming these barriers.

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