A Welcome from Paul HodesAs President of the Economic Innovation Institute I want to welcome you to our website. We hope you'll visit often. We're interested in your ideas so please participate in our blog by submitting a blog post. Also, "like" us on Facebook and follow us on Twitter. The Economic Innovation Institute advocates that forward thinking policy makers adopt and promote a core agenda for growth and innovation with a progressive message. In developing our proposed core agenda, The Institute has engaged with economic and policy experts in academia, in government, and in think tanks to weigh which ideas are most effective and have the greatest potential to stimulate long-term economic growth. We are presenting these ideas publicly and to policymakers for their consideration. Read MoreWe believe that economic growth and innovation are not only consistent with progressive values of equality and a role for an effective government, but essential to a balanced approach to fiscal responsibility. A new century requires new thinking. America was built on ingenuity and invention. Rapid change and political dysfunction threaten our ability to think creatively about economic policy that creates broad prosperity and equal opportunity in our market economy. We believe that forward thinking progressive policy makers should be both guarantors of opportunity and champions of free enterprise. Since the turn of the century, there has not been a clear economic agenda for growth and innovation pursued in Washington, DC and communicated to the American public. Early in the last decade, Republican policymakers in Washington, DC focused their major new policy activities on reductions in marginal tax rates, reductions in capitol gains tax rates, and education reform based on expanded testing and measurement. In the wake of the financial sector collapse of 2008 and the subsequent economic recession, the Democratic policy agenda turned to short-term economic stimulus measures that achieved a measure of short-term economic stability but have been met with only mixed public acceptance. At the same time, America has entered a period of economic stagnation and slow GDP growth, while powerful economic competitors abroad have managed to continue growing more robustly. Yet, we do not see much discussion among leading policy makers in Washington about the need for a concrete agenda and message focused on meeting future needs by investing in long-term growth, education, technological innovation and essential infrastructure. Nor is there a cohesive approach to communicating such an agenda among political leaders on Capitol Hill and to the public. Those with progressive values who practice pragmatic politics do not lack for ideas about growth and innovation. You will find many of those ideas on our website. What is lacking in Washington is a cohesive focus on growth and innovation economic agenda designed to rebuild a sustainable economy in a balanced way, transition to whatever will be the “next” economy, promote equal economic opportunity, preserve and create good jobs and improve the quality of life for all Americans. The Economic innovation Institute and Economic Innovation Action Fund are here to help bring focus and cohesion to the great debate over the country’s economic agenda. Thanks for visiting. Please click on the "EII Agenda" to learn about our proposed core agenda and on "The Action Fund" to learn about the work of the Economic Innovation Action Fund. We value your support. Please visit our support page and help us continue our advocacy work. If you agree with our goal, contact your representatives in Washington, DC and locally. Add your voice to ours and become an advocate for our core agenda. Yours,
Paul Hodes Read Less
Welcome to the Economic Innovation Institute & Action Fund
Franklin D. Roosevelt
“In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up or else all go down as one people.” - Franklin Delano Roosevelt
John F. Kennedy
“Our progress as a nation can be no swifter than our progress in education. The human mind is our fundamental resource.” – John F. Kennedy
“That’s one small step for man; one giant leap for mankind” – Neil Armstrong, First steps on the moon, July 21, 1969
“America just works better when more people have a chance to live their dreams.” – William Jefferson Clinton, Speech at the Democratic National Convention, 2004
“The real drivers of growth and innovation are young businesses and small- and medium-sized businesses, especially in high-tech areas, typically based on government-supported research.” - Joseph Stiglitz
“To win the future, America needs to out-educate, out-innovate, and out-build the rest of the world.” – Barack Obama
How does a government effectively reduce the amount of carbon emitted by its citizens and businesses? According to Harvard professor, and former George W. Bush advisor, Greg Mankiw, the best path might be a fee, or tax, on carbon emissions. Dr. Mankiw argues that a carbon tax is the most effective and least obtrusive option for reducing these emissions. Read the full New York Times article here.
In an opinion piece published in the New York Times on July 21st 2012, Thomas Friedman argues that the debate about the economy going on in the current presidential race so far has failed to recognize the underlying problems that the American economy faces. He argues that President Obama needs to offer a much broader optimistic vision of America as a “launching pad.” According to Friedman, we need to invent our way to growth. Read the Article-
In a recent op-ed for the New York Times, economist Stephen D. King argues that western governments can't rely on the same old solutions to fix our current economic crisis. The economy, King argues, is facing new challenges, and that we must embrace new solutions to overcome them. Read it here.