5 questions with Jonathan Gruber, Tony Mills, Margaret O’Mara, and Bret Swanson on improving public R&D policy

US federal research and development spending as a share of GDP has fallen by nearly two thirds since the mid-1960s — a trend accompanied by decades of low productivity growth. In a recent extended episode ....

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The next president needs to turn America into an Innovation Nation

Would Biden-onomics be good or bad for productivity growth? The issue is an important one. Productivity growth is the most important factor driving overall economic growth and rising living standards. Before he left office in ....

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The myth of stability: Why the economic ‘golden age’ of postwar America was not as golden as we remember

A currently unfashionable notion: A corporation should be run primarily for the benefit of its shareholder owners by maximizing its value. The most provocative distillation of the idea is Nobel laureate economist Milton Friedman’s famous ....

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Trump and Carson’s 180 on zoning reform

Last January, the Department of Housing and Urban Development proposed a new rule that would govern its program participants’ duty to affirmatively further fair housing (AFFH). One of the proposed rule’s objectives was to increase ....

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A word of caution regarding our current approach to economic recovery

Emergency lockdowns have been successful in keeping ICUs from being overwhelmed, but as the economy reopens, virus spread continues, generating recessionary pressure on the economy. There are at least two competing views on how the ....

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Does America need to invest more in science? 5 charts to consider.

The 20th century was the American Century. And one reason for that primacy was America’s century-long global leadership in scientific research. That societal effort raised American living standards and helped us win wars both hot ....

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5 questions for Arthur Diamond on economic growth and innovative dynamism

How open to creative destruction is the American economy? Does GDP growth really benefit Americans in an age of already high living standards? Is innovation good or bad for the labor market? Arthur Diamond joined ....

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Here’s the economic logic of reducing that $600 bonus unemployment benefit

One of the most contentious parts of the “phase four” economic support and stimulus package floundering in Congress right now: What to do about that $600 weekly federal payment to supplement standard state-provided unemployment benefits? ....

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The case for ‘innovative dynamism’: My long-read Q&A with Arthur Diamond

Is creative destruction too disruptive and destructive? Given our standard of living, does America still need innovation? Arthur Diamond appeared on the Political Economy podcast to discuss how innovative dynamism improves our lives. Arthur is ....

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