
Measuring Innovation
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There’s one theme that we’ve touched on repeatedly in our Times columns and on this blog, and which we’ll devote considerable space to in SuperFreakonomics : how technological innovation and robust markets tend to fix a lot of problems that seem unsolvable. In the business community, “innovation” is a buzzword of the highest order (so high, in fact, that some people run screaming the moment they hear it mentioned). See, for instance, Fortune ‘s innovation blog . For all the talk, however, there remains the murky issue of how to properly measure innovation. The Department of Commerce, which has begun addressing this challenge , has this to say:

