“One of the surprising results of that model of economic growth is going to be that there are limits, that without innovation, growth stops. So we will move from that simple model to something called a solo growth model. The solo growth model allows for there to be innovation and shows how innovation has this sort of multiplier effect on our collective well-being and why innovation is so important. And then we’ll talk a little bit about some extensions, in particular we’ll talk about once we’ve got this model how do we use it to think about why some countries. Successful in other countries are, and really what, oh, enables. Growth to continue over time. “- Transcript from Scott Page Coursera
Source:
Scott Page Model Thinking MOOC Course
