By Marshall Auerback
The concept of innovation as a “good thing” is seldom questioned. After all, there is no doubt that innovation and invention create the foundations for much of our growth and economic prosperity.
But what about the distributional benefits? Who wins? Who loses? Among women and African Americans, what are the patterns and determinants in terms of patents, commercialization, and overall economic success relative to other groups in American society? Are there social and professional networks that are more salient for commercial activity than others? If so, do these vary by gender and race? Read more