Two new reports

Economic Doctrines and Policy Differences describes how three traditional economics doctrines – conservative neo-classical (supply-side), liberal neo-classical (Rubinomics), and neo-Keynesianism – have long dominated economic thinking in Washington, and explains how a new theory and narrative of economic growth – innovation economics – based on an explicit effort to understand and model how technological advances occur, has reformulated the traditional model of economic growth by placing knowledge, technology, entrepreneurship, and innovation at the center of economic growth theory.

The companion report, An Innovation Economics Agenda for the Next Administration, explains an approach designed to ensure robust economic growth and rising standards of living for all Americans by putting innovation at the center of our nation’s economic policies. The report lays out eight concrete policy proposals to drive innovation-led economic growth, including significantly expanding the R&D tax credit, creating a National Innovation Foundation, and implementing an innovation-based national trade policy.