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The Well Of Wealth Creation Is Drying Up

April 12th, 2017 · No Comments

  • A big part of economic progress comes from fundamental advances in science.
  • With the private sector retreating from fundamental research and the public sector facing cutbacks, the well is decreasing.
  • It’s widely unappreciated just how fundamental the public sector has been for the advancement of fundamental research and, as a consequence, innovation and productivity growth.
  • Since fundamental research has public good characteristics and is inherently risky, there are sound economic reasons for that.

The Well Of Wealth Creation Is Drying Up | Seeking Alpha

Tags: Innovation