Does Obama Need a Department of Innovation?
I met the sociologist Fred Block at a recent symposium in Washington, D.C., exploring how to ensure that the Obama administration’s planned burst of government spending to revive the economy, while rebuilding roads and insulating leaky buildings, also invigorates the country’s eroding “intellectual infrastructure.” This is the innovation pipeline–from blue-sky research to entrepreneurial development to market–that transforms basic ideas into new economic building blocks (microchips, lasers, the Internet, the mapped genome and more).
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