Government Can Do More to Support Science and Innovation
— November 20, 2018
By Paul Romer
I have three recommendations for the 116th Congress to support the sciences and foster innovation:
First, government needs to take a more active role in creating scientific infrastructure. The U.S. has done it in the past, showing that investments in science today can result in critical economic infrastructure tomorrow. For example, the Defense Advanced Research Projects Agency laid the foundation for the internet, which now powers the modern economy. Now this infrastructure needs to be maintained and improved to facilitate new innovations.
Read the full Wall Street Journal article.
Paul Romer is a Professor of Economics and Director of The Urbanization Project.