Provocative Economics from C. Christensen

Excellent article in last Sunday’s NY Times by Clayton Christensen.

Christensen is a Harvard professor who studies innovation, and has written several superb books about how and why it works. His theories turn on a key concept: there are several types of innovation, most notably innovation that sustains and incrementally improves a current situation, and innovation that disrupts, changes the rules.

In this article, he expands his thinking to explain why and how capital can and must be freed to fund an emerging new economy.

BTW: C.C. writes an excellent blog.

The picture comes from Harvard Business School. Whether he is or is not the “top” guy, he’s certain high on my list.

Go read the article. Totally worth your time.