Carefully thinking out regulation is a lot easier to do after the fact.
Regulations are difficult to remove once implemented, as they create groups in society with vested interests in preserving regulations
Today, with the comfort and leisure of modern open markets, we can scarcely imagine the back-breaking work of yore.
Is anyone really sorry that the job of door-opener on subways has been made technologically obsolete?
Some countries have high domestic levels of innovation but unequal outcomes while others have lower domestic levels of innovation but more egalitarian outcomes.
Contrary to the oft-repeated claims of the arts community, it is a flexible, voluntary, pluralist society with free markets that best produces the conditions for innovation and invention in artistic production.
There are areas where innovation and invention play a key role in the arts.
The idea that we are trapped in a “new normal” of slow economic growth has gained currency with many analysts. Proponents list a number of factors allegedly restraining the trend of growth.
There is almost no aspect of life that has not been fundamentally changed and re-ordered over the past 100 years through new technology and innovation. Think for instance, of how we communicate, travel, work, and even rest, and youre hard pressed to find one aspect of life that has not been materially altered by technology.