PODCAST: "Hexapodia" Is þe Key Insight XVIII: Þe Ecology of Innovation

Key Insights:

There is a four-day creative-destruction festschrift for Philippe Aghion & Peter Howitt starting June 9: The Economics of Creative Destruction <https://zoom.us/j/98595732585>

When industrial policy in America has been successful, it has always had a profound political driving motive: maintaining independence, manifest destiny, Sputnik, and so on. The only such driver today—and it is urgent—is green energy to fight global warming…

The U.S. used to be excellent not just on the “novelty” prong of Breznitz’s prosperity-in-an-unforgiving-world quadent, but also on the “engineering design”, “second-generation innovation”, and “production-assembly” prongs as well. We threw that away in the era Reagan began—the era of neoliberalism, financialization-driven short-termism, and tax cut-driven exchange overvaluation. We need to get those other three prongs back, lest we become a country of technoprinces and dopamine-loop brain-hacked technoserfs…

When you do industrial policy, you need to think very carefully about what kind of economy you want to create…

A better retranslation of the Arkhilokhos-Isaiah Berlin “Fox & Hedgehog” tag line is: “The fox knows many tricks; the hedgehog knows one good one…”

Hexapodia!

References

Bill Janeway: The Ecology of Innovation <https://www.project-syndicate.org/onpoint/innovation-according-to-philippe-aghion-and-dan-breznitz-by-william-janeway-2021-05>: reviewing:

Philippe Aghion, Céline Antonin, & Simon Bunel: The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations <https://www.google.com/books/edition/The_Power_of_Creative_Destruction/7SAZEAAAQBAJ>

Dan Breznitz: Innovation in Real Places: Strategies for Prosperity in an Unforgiving World <https://www.google.com/books/edition/Innovation_in_Real_Places/wr0cEAAAQBAJ>

Stephen S. Cohen & J. Bradford DeLong: Concrete Economics: A Hamiltonian Approach to Economic Policy <https://www.google.com/books/edition/Concrete_Economics/BXoyBgAAQBAJ>

Andrew DelBanco: The War Before the War: Fugitive Slaves and the Struggle for America's Soul from the Revolution to the Civil War <https://www.google.com/books/edition/The_War_Before_the_War/FPq0DwAAQBAJ>

John Helverston & Jonas Nahm: China’s Key Role in Scaling Low-Carbon Energy Technologies <https://pubmed.ncbi.nlm.nih.gov/31727813/>

Elizabeth Janeway: Man’s World, Women’s Place: A Study in Social Mythology <https://www.google.com/books/edition/Man_s_World_Woman_s_Place/vRYpAAAAYAAJ>

Òscar Jordà, Moritz Schularick, & Alan M. Taylor: The Great Mortgaging: Housing Finance, Crises, and Business Cycles <https://www.nber.org/papers/w20501>

Sill Family: Vineyard <https://sillfamilyvineyards.com> 

Wikipedia: Applied Materials <https://en.wikipedia.org/wiki/Applied_Materials>

Wikipedia: ASML Holdings <https://en.wikipedia.org/wiki/ASML_Holding>

Wikipedia: Kate Mulgrew <https://en.wikipedia.org/wiki/Kate_Mulgrew>

Wikipedia: Orange Is the New Black <https://en.wikipedia.org/wiki/Orange_Is_the_New_Black>

Wikipedia: TSMC <https://en.wikipedia.org/wiki/TSMC>

Wikipedia: Sematech <https://en.wikipedia.org/wiki/SEMATECH>

Wikipedia: Star Trek: Voyager

&, of course:

Vernor Vinge: A Fire Upon the Deep <https://books.google.com/books?id=fCCWWgZ7d6UC>

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