What’s the return on government funding for research? There are a few places in the academic literature you can look to for insight. Jones and Summers (2021) uses a hypothetical thought experiment to make the case that, on average, every dollar of R&D spent probably generates several dollars in benefits via its long-run impact on economic growth (see What are the returns to R&D? for more discussion). But that result applies only to R&D in general, government and non-government, bu...
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What’s the return on government funding for research? There are a few places in the academic literature you can look to for insight. Jones and Summers (2021) uses a hypothetical thought experiment to make the case that, on average, every dollar of R&D spent probably generates several dollars in benefits via its long-run impact on economic growth (see What are the returns to R&D? for more discussion). But that result applies only to R&D in general, government and non-government, bu...
Here’s a striking fact: through 2022, one in two Nobel prize winners in physics, chemistry, and medicine also had a Nobel prize winner as their academic advisor.undefinedWhat accounts for this extraordinary transmission rate of scientific excellence? In this podcast I’ll focus one potential explanation: what do we know about how innovative teachers influence their students, and their students’ subsequent innovative career? I’ll focus on two strands of literatures: roughly speaking, how teache...
New Things Under the Sun
What’s the return on government funding for research? There are a few places in the academic literature you can look to for insight. Jones and Summers (2021) uses a hypothetical thought experiment to make the case that, on average, every dollar of R&D spent probably generates several dollars in benefits via its long-run impact on economic growth (see What are the returns to R&D? for more discussion). But that result applies only to R&D in general, government and non-government, bu...
