Economic Theory
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As nations engage in a race for global advantage in innovation, ITIF champions a new policy paradigm that ensures businesses and national economies can compete successfully by spurring public and private investment in foundational areas such as research, skills, and 21st century infrastructure. Our work in the realm of economic theory assesses the negative impact of conventional neo-Keynesianism and neoclassical economics on the 21st century economy and promoting “Innovation Economics” as a sounder alternative.
Featured
Speed Up America, Slow Down China, or Both? The Key Strategic Question for the 21st Century
The reality is that if America does not do both—speed itself up, and slow China down—then it will likely lose the techno-economic race in the advanced, traded-sector industries that are most strategically important for the country’s dual-use industrial base and national security.
The National Economic Council Gets It Wrong on the Roles of Big and Small Firms in U.S. Innovation
A new White House report insinuates that small firms are America’s true innovators. Advancing this narrative makes it easier to advance an anticorporate antitrust agenda, including banning all mergers. However, scholarly studies and data do not support the administration’s premise.
More Publications and Events
August 12, 2024|Blogs
Compustat Data: A Misleading Measure of Corporate Market Power and Market Competition
Compustat data has three major limitations, which makes citing studies that use these datasets as evidence of rising concentration (or declining competition) problematic. Policymakers should focus on studies that use the official and much more comprehensive data from the Economic Census.
August 12, 2024|Blogs
Stagnation, Deindustrialization, and the Decline of Anglo-Saxon Economics
The dominant economic model of the post-war era has run its course. It’s time to embrace a new paradigm that focuses on enabling producers to succeed, especially in advanced, traded-sector industries.
August 5, 2024|Podcasts
Podcast: General-Purpose Technologies and the Rise of Great Nations, With Jeffrey Ding
It’s easy to get excited about new breakthroughs, but the real power lies in diffusing technological advances throughout the entire economy.
July 24, 2024|Op-Eds & Contributed Articles
“Green” Is Not an Economic Growth Strategy
Spurring the transition to clean energy is now widely viewed not just as the key to fighting climate change but also as the silver bullet to restoring economic growth. But it's not. They are separate goals that require separate policies, as Robert Atkinson writes in Research Money.
July 24, 2024|Blogs
The MAGA Movement We Need: Make America Grow Again
It’s time to set a bipartisan goal to raise median household income to $100,000 in 10 years, which requires boosting growth from 1.2 percent to 2.2 percent per year.
June 27, 2024|Blogs
It’s Time for Pro-Innovation, Atlanticist European Leadership
The EU is at a strategic crossroads when it comes to techno-economic policy. As the new Commission and Parliament take office, they must choose between fidelity to the transatlantic alliance and “strategic independence,” as well as between maintaining regulatory hostility toward large tech companies and unleashing innovation in Europe.
June 4, 2024|Podcasts
Podcast: Is America’s ‘Free-Market’ a Myth? With Rob Atkinson
Rob Atkinson appeared on the Foundation for American Innovation’s podcast The Dynamist with former FCC policy advisor Evan Swarztrauber to discuss myths about social media and democracy, small businesses and innovation, corporate profits, and laissez-faire capitalism.
May 29, 2024|Blogs
Unmasking Greedflation: Debunking the Neo-Brandeisian Narrative
Policymakers should focus on finding the real causes of inflation rather than scapegoating large corporations and adopting the neo-Brandeisian claim that the rise in prices is due to “greedflation.”
May 27, 2024|Podcasts
Podcast: Canada’s Poor Performance on Advanced Industry Sectors, With Rob Atkinson
Rob Atkinson appeared on the Hub Dialogues podcast to discuss ITIF’s new Centre for Canadian Innovation and Competitiveness, what explains Canada’s poor performance on advanced industry sectors, and why Canadian policymakers should listen more to “productionists” over economists.
May 20, 2024|Podcasts
Podcast: Tech Facts and Fallacies, With Rob Atkinson
ITIF President Rob Atkinson appeared on TechFreedom’s Tech Policy Podcast to discuss the new book he co-authored with David Moschella, Technology Fears and Scapegoats.
