EconTalk

Lisa Cook on Racism, Patents, and Black Entrepreneurship

Sep 21, 2020
Economist Lisa Cook from Michigan State University shares her insights on how racism has stifled U.S. innovation. She discusses the historical links between racial violence and a decline in Black inventors, highlighting overlooked contributions in patent data. Cook emphasizes the need for diversity in economics and STEM fields to foster ideas and equity. She also advocates for reforms in policing and education to uplift Black communities and promote inclusivity, suggesting approaches similar to South Africa's Truth and Reconciliation Commission for national healing.
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ANECDOTE

Research Motivation

  • Lisa Cook's research on the impact of violence on innovation began with a question about Russia's post-Soviet economy.
  • Bankers and entrepreneurs questioned the lack of innovation despite new intellectual property laws, prompting her investigation.
INSIGHT

Violence and Innovation

  • Violence against African Americans correlated with decreased innovation.
  • This finding served as a cautionary tale for countries like Russia, where a lack of rule of law can hinder economic growth.
ANECDOTE

Identifying Black Inventors

  • Identifying Black inventors pre-Civil Rights era was challenging due to the absence of racial data on patents.
  • Cook created the first systematic list of Black names during that time, but it wasn't sufficient, requiring extensive searches of directories, obituaries, and articles.
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