Innovation
The percolation modelof innovation. With each coin flip
each square has a chance of turning grey: % P.
Innovation occurs when there is a continuous path from top to
bottom. It is not until P > 59% that
there is a tipping point and a huge increase in innovation.
This is why often there are several inventors competing to see who can
be first. To have innovation society needs to support the research that turns the squares grey.
The Solow growth model based on labor and the use of machines shows
that without innovation growth will level off
Without innovation:
However the innovation multiplier A makes labor more productive. Government support that promotes innovation includes
government that is strong enough to protect property rights so people will
invent, Government that is weak enough
not to take all the spoils, and
government and cultural support of cooperation. Trust varies in different cultures.
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