Wednesday, March 14, 2012

Quote of the Day: Economic Freedom Fosters Innovation

Places that are open and possess low entry barriers for people gain creativity advantage from their ability to attract people from a wide range of backgrounds. All else equal, more open and diverse places are likely to attract greater numbers of talented and creative people – the sort of people who power innovation and growth.

That’s from Richard Florida, quoted in a paper by Niclas Berggren and Therese Nilsson (hat tip Cato’s Mark Calabria)

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