Matt Ridley on How Innovation Works
EconTalk
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The Power of Permissionless Innovation
This chapter explores permissionless innovation and its role in driving creativity and technological advancement. It contrasts the ease of launching online ventures with the regulatory hurdles in drug development, emphasizing that innovation thrives in environments free from bureaucratic constraints. By examining historical examples and the cyclical nature of idea development, the chapter highlights the intrinsic relationship between innovation, freedom, and the evolution of societal roles.
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