Lecture
This lecture explores the concept of innovism as an economic regime, focusing on the drivers of productivity growth and their impact on the standard of living. It delves into the historical context of innovation, from the 19th century economic explosion to the prodigious inventions of the second industrial revolution. The lecture discusses the relationship between productivity, GDP per capita, and labor efficiency, emphasizing the importance of process and product innovation. It also addresses the challenges of economic discovery and the transition from capitalism to innovism, highlighting the role of innovation in shaping modern economies.