Tag: Innovation

  • Jane Jacobs on Old Buildings

    As for new ideas of any kind – no matter how ultimately profitable or otherwise successful some of them might prove to be – there is no leeway for such chancy trial, error, and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.…

  • Norbert Wiener on the Value of Labour and Automation

    Let us remember that the automatic machine, whatever we may think of any feelings it may have or may not have, is the precise economic equivalent of slave labour. Any labour which competes with slave labour must accept the economic conditions of slave labour. It is perfectly clear that this will produce an unemployment situation,…

  • Norbert Wiener on Innovation and Regulation

    We have a good deal of experience as to how the industrialists regard a new industrial potential. Their whole propaganda is to the effect that it must not be considered as the business of the government but must be left open to whatever entrepreneurs wish to invest money in it. We also know that they…