Since the 1970s, major US defense contractors have become less innovative than their non-defense counterparts. In new research, Sabrina T. Howell, Jason Rathje, John Van Reenen and Jun Wong assess the US Air Force’s recent ‘Open’ bottom-up reform which gives defense contractors more freedom to go beyond technology specifications. They find that winning Open contracts meant firms were more […]
Joe Biden has the opportunity to help the US return to sustainable wage growth by increasing Federal funding for technological innovation.
When Joe Biden enters the White House in January, he will have the ability to reset an economic model that has failed to deliver prosperity for millions of Americans for decades. John Van Reenen calls for the creation of a Grand Innovation Challenge Fund that would see a large increase in Federal funding for research and development to fuel […]
On 18 September, Scotland voted against independence from the United Kingdom by a margin of 55-45 per cent, an event that will be of interest to many in the U.S. given the commentary made there by many in the lead up to the vote. We asked a number of experts to comment on the results and what might occur […]
Firms with more structured management practices are more productive, innovative and have faster employment growth.
In 2010, the US Census Bureau conducted the first large-scale survey of management practices in America, gathering data on more than 30,000 manufacturing plants. Nicholas Bloom and colleagues find strong links between establishments’ performance and the quality of their systems of monitoring, targets and incentives.
Business schools have long stressed the importance of good management, but until recently economists have […]