“Can Europe Create an Innovation Economy?” by Philippe Aghion, Mathias Dewatripont, and Jean Tirole in Project Syndicate

After the 30 “glorious” years of economic growth following World War II, European policymakers failed to adopt the institutions and policies to promote disruptive innovation. Now, Europe urgently needs to adopt a new economic doctrine and reform agenda, or else it will continue to fall behind the United States and others.