Enjoyed this, and especially the points in support of public R&D funding
On basic research: “the value of an idea goes way beyond the value captured by the person who created it”
“You're stumbling around in the dark, and then someone finds something, they flip on a light switch…When I turn that light on, I create all that value from everyone else being able to see, but I don't capture it myself”
In the federal government, whose job is it to think about productivity growth?
The answer, it turns out, is "no one's."
New Statecraft, on our unused levers to increase productivity.
statecraft.pub/p/does-anyone…