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David Perell @david_perell ยท Feb 21, 2020
  • From ckarchive.com

This paper measures the importance of informal social interaction for innovation. It does so by measuring the decline in innovation when wet counties turned dry during the Prohibition and banned alcohol consumption. It turns out, the negative effects of banning alcohol on innovation lasted only three years, after which groups found new ways to socialize and generate new ideas. (Recommed in "Friday Finds")

Paper Nov 18, 2019
Bar Talk: Informal Social Interactions, Alcohol Prohibition, and Invention
by Michael Andrews
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