INNOVATION IS NOT ABOUT LONE GENIUSES AND FREE MARKETS

Wired magazine dares to challenge and deconstruct one of the media's and the Western world's dominant memes about the economy. The article introduces its readers to Italian-American economist Mariana Mazzucato, who recently launched a frontal attack on modern capitalism's favorite Fairy tale: the Silicon Valley "myths about Innovation." For the past 30 years, the Western … Continue Reading "Innovation Is Not About Lone Geniuses and Free M...

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Markets: A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buye
Fair: A fair is a gathering of people to display or trade produce or other goods, to parade or display animals and often to enjoy associated carnival or funfair entertainment. It is normally of the essence of a fair that it is temporary some last only an afternoon while others may last as long as ten wee
Valley: In geology, a valley or dale is a depression with predominant extent in one direction. A very deep river valley may be called a canyon or gorge.
Innovation: Innovation is the application of new solutions that meet new requirements, inarticulate needs, or existing market needs. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. The term innovati
Silicon: Silicon, a tetravalent metalloid, is a chemical element with the symbol Si and atomic number 14. It is less reactive than its chemical analog carbon, the nonmetal directly above it in the periodic table, but more reactive than germanium, the metalloid directly below it in the table. Controversy abou
Silicon Valley: Silicon Valley is the southern region of the San Francisco Bay Area in Northern California, in the United States. The region, whose name derives from the Santa Clara Valley in which it is centered, is home to many of the world's largest technology corporations as well as thousands of small startups.
Lone: Lone , ) is a Kashmiri caste in the Kashmir Valley of the Indian state of Jammu and Kashmir. The caste belongs to the Vaishya order.