For so many years, our economic thinking has run backwards. We have thought that the key to prosperity involves reducing tax burdens at the top of the pyramid to stimulate growth at the bottom (supply side economics). Or, prosperity involves a “free market” — unfettered by any concerns other than profit and shareholder value —…

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Commercialization of federally funded research at universities faces a bewildering array of obstacles. The reason: innovation — the translation of knowledge into value (or money) — emerges from continuous knowledge flows. Unfortunately, these knowledge flows can be easily blocked in multiple ways. Taken together, these knowledge flows form an “ecosystem”, networks embedded in other networks,…

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