Guest Writer

Veblen, Schumpeter, and employee inventors: lessons from the US and Germany

By: Neal Orkin, Guest Writer*

(This article first appeared in the December 1990 issue of Managing Intellectual Property.  It remains relevant today.)

Why should bright and innovative youngsters want to enter engineering and science when the incentives are so small?

Neal Orkin, inventor of ‘Orkinomics’, looks at this question through the eyes of Veblen and Schumpeter and explains why so many US patents are now being granted to foreigners.

“Competitiveness” is the new buzzword that we Americans use to fend off those damned foreigners who “steal” our technology or trade “unfairly”.  While erudite authors and smug commentators – those Captains of Competitiveness – speak in terms of such euphemisms as better education for workers, labour-management cooperation, and new far­sighted management, we lose sight of one of the basic causes of our competitiveness problem – rewards and recognition for creative engineers and scientists. Continue reading »