Introduction: a theory of innovation, flourishing, and growth / Edmund S. Phelps -- Overview of the chapters / Raicho Bojilov, Gylfi Zoega, and Hian Teck Hoon -- I. Estimating innovation - across time and across nations: Innovation - the source of rapid growth / Raicho Bojilov -…
"In Dynamism Nobel Laureate Edmund Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega argue that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values-particularly the individualism and self-expressi…
Nobel Laureate Edmund Phelps argues that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values--particularly the individualism and self-expression prevailing among the people--fueled the dynamism needed f…