1.2 KiB
1.2 KiB
Innovation
Innovation and potential innovators are restricted by issues like wealth, and wealth used by pharmaceutical companies is oftentimes wasted in large part on advertising.
- Bell et al. 19
- Uses data from 1.2 million inventors from patent records linked to tax records
- Finds that certain characteristics at birth (gender, race, parents’ socioeconomic class) in addition to certain environmental characteristics (exposure to innovation-rich areas, living around innovators) have a significant correlation with the likelihood of that person becoming an inventor later on in life
- Women and minorities are exposed less to relevant environmental factors, explaining why they don’t innovate as much as white men
- European Innovation Scoreboard 19
- In Europe, countries with functional safety nets (mainly in Scandinavia and Western Europe) perform better when it comes to innovation
