Side effects of prohibition - it's all about the connections

Originally published at: https://eduk8.me/2019/10/side-effects-of-prohibition-its-all-about-the-connections/

“Researchers tend to think that informal social interactions—people bumping into one another and swapping ideas—is vital for innovation,” Andrews says. A postdoctoral fellow at the National Bureau of Economic Research, he means that quite literally. An oft-cited research paper on Madison Avenue ad agencies found clear benefits to headquartering close together, but only within a…