Diane Coyle Square

Is Innovation Really Good For Us?

with Diane Coyle, Jonathan Haskel, Helen Simpson, Stian Westlake and Rory Cellan-Jones (Chair)

Economics/
Sat 19 November 2016

Is Innovation Really Good For Us?

with Diane Coyle, Jonathan Haskel, Helen Simpson, Stian Westlake and Rory Cellan-Jones (Chair)

Diane Coyle Square
Sat 19 November 2016,

Innovation is the economic buzzword of the moment but is it all it’s cracked up to be? Productivity, driven by technological innovation, is flat-lining in almost every country. Some economists think all the important innovations happened long ago and we need to get used to a world where technology is no longer driving constantly rising living standards. The latest innovations either seem like toys for the wealthy or could destroy millions of jobs if the worst fears about automation are realised. So why is innovation considered to be a good thing? Is there more of it – or less – than in the good old days? Can government policy do anything to make the economy more innovative? And if so, how can it make sure we get useful innovations rather than hipster gadgets?

Photo of Diane Coyle.

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