10 Principles of Economics of Technology

Technology is often perceived as the subject of Scientists, Technologists, and Engineers. But in a market economy, both the technology development and its diffusion are influenced by economic interest. Here is a set of principles to articulate our lens to look into technology from the perspective of the economics of production, distribution, and consumption of wealth.

10 Realities to Face for Technology and Innovation Policies

Science and technology competence, creativity, and entrepreneurship are the keys to unlock economic growth potential from technology innovation. But in absence of public policies in creating both supply and demand of intellectual assets, eventually forming the self-growing market of innovation, often potential remains uncapitalised. Here is a set of realities to be taken into consideration for giving incentives and building institutions for opening an endless frontier of wealth creation.

10 Commandments of Innovation

Innovation is more than a Eureka moment. It’s not about the magical outcome of highly creative eccentric personality. And there is also not a natural correlation between science and technology competence, intellectual asset development, creativity, risk capital finance, start-up movement and the success in taking ideas to market at profit. Although innovation is our primary means of creating increasing wealth from depleting resources, innovation-led wealth creation is not benign–often accentuating inequality, security concerns, addictive association, and monopolistic market power accumulation.