Long Now cover image

Mariana Mazzucato: The Entrepreneurial State: Debunking Private vs. Public Sector Myths

Long Now

00:00

The Path Dependencies of Innovation

There's this wonderful story that paul crewman tells in a book he wrote called pedaling prosperity carpets when they started to be made and i don't know anything about carpets. They all started being made in this place called dulton georgia and are still today something like 80% of carpet production is made there. There's very strong sort of dynamic returns to scale because it started there then all the innovation ended up happening there. I mean the fact we still have an internal combustion engine today in our cars is because we also get locked into right uh these technologies.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app