PODCAST: "Hexapodia" Is þe Key Insight XVIII: Þe Ecology of Innovation

Key Insights:* There is a four-day creative-destruction festschrift for Philippe Aghion & Peter Howitt starting June 9: The Economics of Creative Destruction <https://zoom.us/j/98595732585>* When industrial policy in America has been successful, it has always had a profound political driving motive: maintaining independence, manifest destiny, Sputnik, and so on. The only such driver today—and it is urgent—is green energy to fight global warming…* The U.S. used to be excellent not just on the “novelty” prong of Breznitz’s prosperity-in-an-unforgiving-world quadent, but also on the “engineering design”, “second-generation innovation”, and “production-assembly” prongs as well. We threw that away in the era Reagan began—the era of neoliberalism, financialization-driven short-termism, and tax cut-driven exchange overvaluation. We need to get those other three prongs back, lest we become a country of technoprinces and dopamine-loop brain-hacked technoserfs…* When you do industrial policy, you need to think very carefully about what kind of economy you want to create…* A better retranslation of the Arkhilokhos-Isaiah Berlin “Fox & Hedgehog” tag line is: “The fox knows many tricks; the hedgehog knows one good one…”* Hexapodia!References* Bill Janeway: The Ecology of Innovation <https://www.project-syndicate.org/onpoint/innovation-according-to-philippe-aghion-and-dan-breznitz-by-william-janeway-2021-05>: reviewing:* Philippe Aghion, Céline Antonin, & Simon Bunel: The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations <https://www.google.com/books/edition/The_Power_of_Creative_Destruction/7SAZEAAAQBAJ>* Dan Breznitz: Innovation in Real Places: Strategies for Prosperity in an Unforgiving World <https://www.google.com/books/edition/Innovation_in_Real_Places/wr0cEAAAQBAJ>* Stephen S. Cohen & J. Bradford DeLong: Concrete Economics: A Hamiltonian Approach to Economic Policy <https://www.google.com/books/edition/Concrete_Economics/BXoyBgAAQBAJ>* Andrew DelBanco: The War Before the War: Fugitive Slaves and the Struggle for America's Soul from the Revolution to the Civil War <https://www.google.com/books/edition/The_War_Before_the_War/FPq0DwAAQBAJ>* John Helverston & Jonas Nahm: China’s Key Role in Scaling Low-Carbon Energy Technologies <https://pubmed.ncbi.nlm.nih.gov/31727813/>* Elizabeth Janeway: Man’s World, Women’s Place: A Study in Social Mythology <https://www.google.com/books/edition/Man_s_World_Woman_s_Place/vRYpAAAAYAAJ>* Òscar Jordà, Moritz Schularick, & Alan M. Taylor: The Great Mortgaging: Housing Finance, Crises, and Business Cycles <https://www.nber.org/papers/w20501>* Sill Family: Vineyard <https://sillfamilyvineyards.com> * Wikipedia: Applied Materials <https://en.wikipedia.org/wiki/Applied_Materials>* Wikipedia: ASML Holdings <https://en.wikipedia.org/wiki/ASML_Holding>* Wikipedia: Kate Mulgrew <https://en.wikipedia.org/wiki/Kate_Mulgrew>* Wikipedia: Orange Is the New Black <https://en.wikipedia.org/wiki/Orange_Is_the_New_Black>* Wikipedia: TSMC <https://en.wikipedia.org/wiki/TSMC>* Wikipedia: Sematech <https://en.wikipedia.org/wiki/SEMATECH>* Wikipedia: Star Trek: Voyager &, of course:* Vernor Vinge: A Fire Upon the Deep <https://books.google.com/books?id=fCCWWgZ7d6UC>(Remember: You can subscribe to this… weblog-like newsletter… here: There’s a free email list. There’s a paid-subscription list with (at the moment, only a few) extras too.) Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe