Paper for class on Science and Innovation Leadership for the 21st Century:
The evolution of intellectual arguments regarding the benefits, limitations, and characteristics of systems for organizing productivity activity can be understood in three parts. This paper begins with a discussion of the three systems for organizing productivity activity, followed by an introduction to institutions and their effect on the three systems. The paper concludes with an assessment of how the competitiveness of each system for organizing productivity activity is affected by exogenous change.
Read the full paper here.