Periodic Table of Innovation vs. Roadmap

Here's a great periodic table of U.S. innovation elements (the "eco-system") created by the folks at usinnovation.org.

The eco-system is composed of eight kinds of elements, and they seem pretty reasonable:

We at Kauffman have established a roadmap for national policymakers -- four issues that if acted upon would boost American entrepreneurship and economic growth. In my words, these four are:

1. Ensure a Skilled Workforce. Human capital is the key to economic growth. America's strengths are universal education and a culture of entrepreneurial risk-taking. But a major concern is whether the "mindset" of interest in science is waning. And the traditonal openness to immigration is also in decline, which makes least sense when America deports engineering Ph.D.s who want to stay.
2. Reform Health Care. This is about costs, not nationalizing medicine. The only way to cut the Gordian knot of health care costs is to treat employer health benefits as taxable income. If Congress removes gold-plated insurance deductibility from the tax code, it immediately reduces health care inequality and corrects a massive market failure.
3. Promote Innovation. Patent law, IP rights, low taxes, ease of doing business, and the whole parade of pro-growth institutions are American strengths. Well, some are (U.S. corporate taxes are second highest in the world ... and apparently Congress won't settle until we're number one). A nagging problem is the difficulty of commercializing university-based innovations.
4. Limit regulation and litigation. Abuse of the legal system in class action suits is a threat to employers. A larger movement is underway to balance costs and benefits of business regulation rather than focus on benefits alone.

I like the framework in the periodic elements. I think the Kauffman roadmap emphasizes many of the same things, but I wonder what things we might have missed by narrowing our messaging down to four points? And does their periodic table miss any elements?

Comments

[Charlie Poole]

Additional item: protect private property.

[Rob Jacobs]

How about education as one of the inputs? Public Schools, 4 year Private Colleges and Universities, junior colleges, technical schools, etc.

hi

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And does their periodic table miss any elements?

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Tim: As I wrote on my blog, Truth on the Market, I think Tyler is pretty far off base with this one. See http://www.truthonthemarket.com/2009/04/28/what-does-tyler-know-about-law-and-economics-anyway/

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Everything matters! That's a perfect phrase for the reality I tried to get at: "mattering" (alias meaning) somehow winning out even when things seem random. Or when they grow out of mistakes (or out of some small, distant move or misstep). I just want to emphasize the good work on this blog, has excellent views and a clear vision of what you are looking for

[clive mcnally]

my name is clive mcnally i inervated the i phone and i know howto write the periodic table from hydrogen through to hydrogen = h2 h4/2 be4/2 c6/12 o8/16 ne10/20 mg12/24 si14/28 s16/32 ar18/36 ca20/40 ti22/44 cr24/48 fe26/52 ni28/56 zn30/60 ge32/64 se34/68 kr36/72 sr38/76 zr40/80 mo42/84 ru44/88 pd46/92 cd48/96 sn50/100 te52/104 xe54/108 ba56/112 ce58/116 nd60/120 sm62/124 gd64/128 dy66/132 er68/136 yb70/140 hf72/144 w74/148 os76/152 pt78/156 hg80/160 pb82/164 pd84/168 rn86/172 ra88/176th90/180 u92/184 pu94/188 cm96/192 cr98/196 pm100/200 nd102/204 rf104/208 sg106/212 hs108/216 _110/220 _112/224_114/228 _+_115/230 _113/226 _111/222 mt109/218 bh107/214db105/210lr103/206md101/202es99/198bk97/194am95/190np93/186 pa91/182 ac89/178 fr87/174 at85/170 bi83/166 ti81/162 au 79/158 ir77/154 re75/150 ta73/146 lu71/142 tm69/138ho67/134 tb65/130 ev63/126 pm61/122 pr59/118 la57/114 os55/110 i53/106 sb51/102 in49/98 ag47/94 rh45/90 tc43/86nb41/82 y39/78 rb37/74 br35/70 as33/66 ga31/62 cu29/58 co27/54 mn25/50 v23/46 sc21/42 k19/38 cl17/34 p15/30al13/26 na11/22 f9/18 n7/14 b5/10 li3/6 h20

[clive mcnally]

my name is clive mcnally i inervated the i phone and i know howto write the periodic table from hydrogen through to hydrogen = h2 he2/4 be4/8 c6/12 o8/16 ne10/20 mg12/24 si14/28 s16/32 ar18/36 ca20/40 ti22/44 cr24/48 fe26/52 ni28/56 zn30/60 ge32/64 se34/68 kr36/72 sr38/76 zr40/80 mo42/84 ru44/88 pd46/92 cd48/96 sn50/100 te52/104 xe54/108 ba56/112 ce58/116 nd60/120 sm62/124 gd64/128 dy66/132 er68/136 yb70/140 hf72/144 w74/148 os76/152 pt78/156 hg80/160 pb82/164 pd84/168 rn86/172 ra88/176th90/180 u92/184 pu94/188 cm96/192 cr98/196 pm100/200 nd102/204 rf104/208 sg106/212 hs108/216 _110/220 _112/224_114/228 _+_115/230 _113/226 _111/222 mt109/218 bh107/214db105/210lr103/206md101/202es99/198bk97/194am95/190np93/186 pa91/182 ac89/178 fr87/174 at85/170 bi83/166 ti81/162 au 79/158 ir77/154 re75/150 ta73/146 lu71/142 tm69/138ho67/134 tb65/130 ev63/126 pm61/122 pr59/118 la57/114 os55/110 i53/106 sb51/102 in49/98 ag47/94 rh45/90 tc43/86nb41/82 y39/78 rb37/74 br35/70 as33/66 ga31/62 cu29/58 co27/54 mn25/50 v23/46 sc21/42 k19/38 cl17/34 p15/30al13/26 na11/22 f9/18 n7/14 b5/10 li3/6 h20

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