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The revenue-intensive sectors of our economy have been slowing down, and the big technological gains are coming in revenue-deficient sectors.
Tyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
Thiel argues that innovation has stagnated in the last half a century, citing examples of how industries like energy, aerospace, automotive or biotech haven't had any major breakthroughs during this period.
Hoover Institution • Peter Thiel and Andy Kessler on the state of technology and innovation
An economy can grow because it adds more people. It can grow because it adds more land or natural resources. But once those avenues are exhausted, it needs to do more with what it has. People need to think up new ideas. Factories need to innovate new processes. These new ideas and new processes must be encoded into new technologies.
Derek Thompson • Abundance: THE INSTANT NEW YORK TIMES BESTSELLER: How We Build a Better Future
Most scientists strongly favor more research funding. They like to portray science in a positive light, emphasizing benefits and minimizing negatives. While understandable, the evidence is that science has slowed enormously per dollar or hour spent. That evidence demands a large-scale institutional response. It should be a major subject in public p... See more