25min chapter

The Political Orphanage cover image

How Innovation Works - Featuring: Matt Ridley

The Political Orphanage

CHAPTER

Innovating Beyond Invention

This chapter delves into the distinction between innovation and invention, examining historical examples of how innovation evolves over time. It critiques the patent system's role in stifling creativity and collaboration while advocating for alternative models of promoting innovation through government investment. Additionally, it highlights the often-overlooked serendipitous nature of discoveries, revealing how many advancements arise from unintended outcomes rather than linear processes.

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