Entrepreneurship, Creativity and Regional Development

These facts hint at the broad shift occurring in American society, a shift that goes beyond the conventional notion that we now live in an “information” or “knowledge” economy. This economy is powered not by information or by knowledge, but by human creativity. Creativity — “the ability to create meaningful new forms,” as Webster’s Dictionary puts it — is now the decisive source of competitive advantage. As Paul Romer likes to say, the big advances in the standard of living — not to mention the big competitive advantages in the marketplace — come from “better recipes, not just more
cooking.”

Richard Florida, Entrepreneurship_Creativity_and_Regional_Development.pdf

(Update 2017: Richard Florida mostly admits he’s theories have been all wrong.)

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