The early part of my career was focused on the elusive notion of an idea and its economic power. I worked both at the theoretical level and the policy level in thinking through what we should do in our policies to take the full advantage of the power of ideas. What makes ideas so remarkable is their capacity for shared use. A bottle of valuable medicine can heal one person, but the formula that is used to make the medicine is as valuable as the total number of people on Earth. Economists call this concept "non-rivalry." Working through both the theoretical and policy implications of non-rivalry took up the first decade or more of my career.
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