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Innovation Needs Inventors
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Innovation Needs Inventors

John Van Reenen
Institute for New Economic Thinking, 2020
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Why is it that so many innovators are white males from the financial top 1% of the American population? According to management and economics professor John Van Reenen of MIT’s Sloan School of Management, the dearth of women and minorities in the inventor sphere has nothing to do with ability, and everything to do with a lack of exposure to the idea of innovation as a viable career path and fewer opportunities to pursue groundbreaking ideas. In this video talk for the Institute for New Economic Thinking, Van Reenen discusses why inclusivity is important for stimulating innovation and how to better support women, low-income and minority innovators.

Take-Aways

  • A number of policies exist today that aim to stimulate innovation.
  • To make effective interventions, the state must consider how to boost the supply side of innovation.
  • Women, poorer people and minorities don’t lack talent for innovation, but they have fewer opportunities to pursue it.

About the Speaker

John Van Reenen is Gordon Y Billard Professor in Management and Economics at MIT’s Sloan School of Management. The Institute for New Economic Thinking is a New York City-based nonprofit think tank.

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