Innovation Files: Where Tech Meets Public Policy cover image

Why There Is a Disconnect Between the Economics of Innovation and U.S. Antitrust Policy, With David Teece

Innovation Files: Where Tech Meets Public Policy

CHAPTER

Is Innovation Important in Business Strategy?

Benara: The field of economics is not friendly to innovation. Anti trust policy and the consumer welfare standard are all about short-term effect on price, he says. Benara argues that real wage increases should be in favor of innovation.

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