By David Bornstein
Today’s and next week’s Fixes columns will focus on prizes and challenges as catalysts for innovation. This week, David Bornstein is taking a look at examples from the federal government’s open innovation strategies. Next week, Tina Rosenberg will explore how prizes have been used throughout history to accelerate innovation and will highlight examples of how they are being rediscovered today.
“A good government implies two things,” wrote James Madison in 1788. The first is “fidelity to the object of government, which is the happiness of the people.” The second is “a knowledge of the means by which that object can be best attained.”