Stagnant Scientific Productivity Holding Back Growth

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Stagnant Scientific Productivity Holding Back Growth
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The U.S. is getting less bang for its scientific buck, as institutions that fund science have become narrow-minded and risk-averse, writes greg_ip

Funding for scientific research has become risk-averse, favoring established researchers pursuing incremental discoveries, critics say

President Biden in early August signed the Chips and Science Act of 2022, directing financial assistance for the construction and expansion of semiconductor manufacturing facilities and other programs. Photo: Evan Vucci/APa massive boost to scientific researchThe bipartisan law’s premise is straightforward. In the long run economic growth depends on innovation, which in turn flows from how much we spend on research and development.

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