The Perfect Innovative Market

Photo courtesy of ©iStockphoto.com/fotosipsak

I’ve been contemplating a concept for a while, struggling to put it into words, and this evening it just dropped into place.

Just as there is a theoretical definition of a ‘Perfect capital market‘, there can be a theoretical definition of a ‘Perfect innovative market‘.  And just as how many capital markets are highly efficient, but perhaps not quite perfect, innovation has become highly efficient (albeit perhaps not quite perfect).

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