i think social media has created popularism and anger. It's not, it's not the happy world i thought it was going to be. But would i trade it for a perpetual version of 19 fifties? Of course not. There's just so much more we know about the world. And somewhere in the next 50 years, some equally momentous is going to happen.
What's the difference between invention and innovation? Could it be that innovation--the process of making a breakthrough invention available, affordable, and reliable--is actually the hard part? In this week's EconTalk episode, author Matt Ridley talks about his book How Innovation Works with EconTalk host Russ Roberts. Ridley argues that we give too much credit to inventors and not enough to innovators--those who refine and improve an invention to make it valuable to users. Along the way, he emphasizes the power of trial and error and the importance of permissionless innovation.