The Innovation Illusion, Fredrik Erixon
The Innovation Illusion, Fredrik Erixon
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The Innovation Illusion
How So Little Is Created by So Many Working So Hard

Author: Fredrik Erixon

Narrator: Adam Verner

Unabridged: 10 hr 32 min

Format: Digital Audiobook Download

Publisher: Vibrance Press

Published: 12/15/2017


Synopsis

Timely, compelling, and certain to be controversial—a deeply researched study that reveals how companies and policy makers are hindering innovation-led growth Conventional wisdom holds that Western economies are on the threshold of fast-and-furious technological development. Fredrik Erixon and Bjorn Weigel refute this idea, bringing together a vast array of data and case studies to tell a very different story. With expertise spanning academia and the business world, Erixon and Weigel illustrate how innovation is being hampered by existing government regulations and corporate practices. Capitalism, they argue, has lost its mojo. Assessing the experiences of global companies, including Nokia, Uber, IBM, and Apple, the authors explore three key themes: declining economic dynamism in Western economies; growing corporate reluctance to contest markets and innovate; and excessive regulation limiting the diffusion of innovation. At a time of low growth, high unemployment, and increasing income inequality, innovation-led growth is more necessary than ever. This book unequivocally details the obstacles hindering our future prosperity.

Reviews

Goodreads review by Herve on November 15, 2016

It is a rather strange book but very interesting. I fully agree with most of the authors’ analyses about the illusions we have created around innovation. Less sure I agree with some of their important claims. Their “very liberal” point of view, not to say libertarian, makes their claims sometimes ex......more

Goodreads review by Daniel on January 29, 2018

This book agree with Cowen’s The Complacent Class, and Gordon’s The Rise and Fall of American Growth. The authors posit that innovation is in decline because of: 1. Gray capitalism: when owners are shareholders and fund managers who trade their ownership many times a day, the managing agent (CEO) wou......more

Goodreads review by Daniel on April 19, 2019

I have a roling list of my three favourite Non-Fiction books. This one easily made the list. It not only demystifies the ex-machina character of the blurry term "innovation", but also improved my layman understanding of the economy in general. It is vastly more technical than your average bookstore-eco......more

Goodreads review by Benji on December 14, 2016

Capitalism encourages the moral imagination of individuals and societies; it espouses a notion about life, people, work, and their future as attending to larger desires than just money. The chief worry, therefore, is not that the Four Horsemen of capitalist decline will lower economic growth. Falling......more

Goodreads review by Michael on June 26, 2022

It isn't the techno-robot-apocalypse we should fear, it's the gray-capital-over-regulating forever recession. That's the main thesis of this book. Some of the points are argued for better than others. In particular, the actual discussion of robots and automation seems like an alien graft on the rest......more