The latest EconTalk is a conversation with Amar Bhide on innovation and entrepreneurship. He argues that the more basic research that China and India do, the better for the United States because our market is superb at applying technology. He also has some interesting things to say about risk. He argues that the seductiveness of diversification crowds out due diligence. Also lots of useful thoughts on Hayek and Knight.
Bhide on innovation
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