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Macro 4

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Gale Pooley
Gale Pooley

This document discusses the eight types of capital that drive innovation: intellectual, cultural, entrepreneurial, human, physical, financial, social, and natural capital. It focuses on intellectual capital which includes knowledge, technology, and methods. Cultural capital determines the relationship between entrepreneurs and capital and influences the incentives to innovate. Entrepreneurial capital transforms inventions into innovations through roles like arbitrageurs and value creators. Continuous innovation is driven by creativity and intelligence in creating, organizing, and designing.

Economy & Finance
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Lecture 4 Macroeconomics
Ideas IntellectualHumanPhysical Financial Inventions Culture Entrepreneurs The Eight Capitals of Innovation
Intellectual Capital ways of doing things knowledge technology methods recipes
around 8,000,000 today
Cultural Capital Determines the relationship entrepreneurs have with capital
Cultural Capital values institutions worldview mobility
Cultural Capital the incentives to innovate How people treat each other
Entrepreneurial Capital Make innovations out of inventions
arbitrageurs perceivers synthesizers value creators converter Entrepreneurial Capital
Inventor Entrepreneur
What if Steve Jobs had been born in Syria like his father?
Thomas Edison Inventor and Entrepreneur Very Rare
Production
Innovation
Continuous Innovation
Intelligence Thinking Reasoning Inspiring Ideas
Creating Organizing, Arranging, Imagining, Designing, Engineering, Building, Developing, Shaping, Forming Devising, Fabricating
Creating Acting with an intelligent purpose
Creativity adds value Creativity is an act of intelligence Intelligence is infinite Therefore, value creation is infinite Infinite Creativity
88 keys How many songs are possible?
Engineers and biologists count the number of keys on a piano Economists listen to the infinite variety of songs entrepreneurs can produce
1978 China Changed Worldview Deng XiaopingMao Zedong 1976 Dies
Worldview Political Legal Economic

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Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
 

Macro 4