Blogotariat

Epiphany plays an outsized role in the reductionist two-step model of invention. Step one is when an idea pops into an inventor’s head, and step two is when the invention spreads in an economy over time.

This model is misleading in numerous ways that would take a book to enumerate. Today’s column focuses on step two, aiming to one piece. How and why do businesses embed the invention in products and services while the invention spreads?

Cataloging the factors that help businesses embed inventions can yield valuable lessons. Today, we focus on knowledge spillovers, eliminating bottlenecks, and inventing ways to invent.

A prototype is a product or service’s early sample, model, or release. It is built to test a concept or process and serves as a tangible representation of an idea. Some prototypes are primarily commercial, while others are scientific.

Prosper Australia was proud to join with Per Capita and a host of other organisations across the community sector in presenting the 2025 Community Tax Summit. Held in the richly historic Trades Hall, the Community Tax Summit was a two-day conference that brought together researchers, advocates, people with lived experience, and economists to examine how […]

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