Are ideas getting harder to find? Almost a decade ago, a banger of a study said YES. Over decades the US economy had been ploughing resources into R&D, with only slowing TFP growth to show for it. BUT newer evidence suggests more grounds for optimism 🧵 My latest column: as.ft.com/r/ee54d3c9-c...
What if ideas aren’t getting harder to find, after all?
Large companies may have just become better at hiding the fruits of their labour
as.ft.com