Adam Smith

Abstract The Problem: The need for innovation in a capitalist market is consistent. This leaves organizational survival dependent on growth, yet the corporate model of efficiency stunts innovative thought. Why It Happens: The corporate ecosystem is designed for standardization and... READ MORE

Importance of Innovation The United States continued the philosophical model for which Adam Smith laid the groundwork. Capitalism is the economic and political model where a nation’s trade and industry are run by profit-seeking private individuals. Instead of government control,... READ MORE