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Solow Residual

Why Science? An Unemotional Argument for Federal Investment in Research

William H. Press | Posted 08.20.2014 | Science
William H. Press

How did we become the world's leading economy and one of its wealthiest nations per capita? One critical reason is that the U.S. has always invested in innovation. We spend more than any other country on R&D. Has this spending made us richer? The clear answer comes from a long run of economists who have studied this subject intensively. Here is what they have learned.