1970 US Open (tennis) 1970 US Open (tennis) The 1970 US Open was a tennis tournament that took place on the outdoor grass courts at the Forest Hills, Queens in New York, United States. The tournament ran from 2 September until 13 September. It was the 90th staging of the US Open, and the fourth Grand Slam tennis event of 1970. It was the first Grand Slam tournament in which the tiebreak was used to decide the set at a 6-6 score. It differed from the current tie-break scoring in that it was won by the first player to reach five points with a
Innovation economics Innovation economics Innovation economics is a growing economic theory that emphasizes entrepreneurship and innovation. "In his 1942 book, "Capitalism, Socialism and Democracy", economist Joseph Schumpeter introduced the notion of an innovation economy. He argued that evolving institutions, entrepreneurs, and technological changes were at the heart of economic growth. But it is only in recent years that “innovation economy,” grounded in Schumpeter’s ideas, has become a mainstream concept." Joseph Schumpeter was one of the first and most important scholars who extensively tackled the question of innovation in Economics. In contrast to his contemporary John Maynard Keynes, Schumpeter contended that evolving institutions,