Research and Economic Growth: The Role of Public Policy

by Benton Massell, Richard Nelson



One cardinal way to speed up America's economic growth is for government to underwrite scientific research and education, particularly in the realm of pure science where corporation-supported R&D often cannot afford to venture resources because of time lag and the chancy nature of a payoff. Government support, this article claims, could free science and many scientists from the bread and butter demands of technology so that they can make the big discoveries upon which tomorrow's productivity must inevitably be based.

California Management Review

Berkeley-Haas's Premier Management Journal

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

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