Oh, no… Now it is the "innovation machine."

Innovation has been wonderfully fashionable. Some have been toiling to define the "process of innovation," and setting it up in companies so that they can churn out inventions like Hamburgers in a busy McDonalds. Others, completely upset at the suggestion of such systematization, argue that innovation is not a process and inventions come from creative people breaking all the rules. Recently, the magazine that is the arbitrator of all news, remotely economics related, has sighted recent work –...