Collective Innovation

This is really cool -- companies creating internal markets for employee ideas. It's a much more sophisticated version of the old employee suggestion programs where anyone whose idea is implemented (and successful) gets a reward. This market model makes people much more likely to contribute ideas because they get feedback right away, and has the additional benefit of providing collective filtering of ideas. Stuff like this is where I find myself agreeing with economists.

(Andrew also finds himself thinking like an economist of late.)