- 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
April 12th, 2017 · No Comments