Innovation has created huge wealth and opportunities over the past two centuries, and since the mid-20th century in particular. But over the past decades, many point to stagnating productivity. That makes it all the more important to aim for a fundamental reconceptualization and rebirth of innovation for the future. In this episode, Prof. Alex Tabarrok argues that by embracing a culture of growth and significantly reforming education, intellectual property laws, and bureaucratic regulations, societies can reignite the kind of innovation that drives substantial economic advances and improves the standard of living worldwide. Prof. Alex Tabarrok holds the Bartley J. Madden Chair in Economics at the Mercatus Center and is a professor of economics at George Mason University.