America’s “Lost Einsteins” Are Dealing a Blow to Innovation

A new paper finds that America is full of “lost Einsteins” among women, minorities, and low-income groups: high performers who never become inventors because they’re not exposed to innovation as children. Fully capitalizing on such children’s innovation potential could quadruple the rate of innovation in America.  

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Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”

The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger toward “totally discredited” elites following the 2008 financial crisis, and the subsequent rise of populist nationalism during a keynote address at the Stigler Center’s conference on the political economy of finance.   

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