#57 – Greg Nemet on Technological Change and How Solar Became Cheap
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How Much Can You Direct Basic Scientific Research?
The gap between Einstein and that first kind of Bell Labs pattern was almost 50 years. It took a while from understanding the properties with Einstein's Nobel Prize winning work and the first commercial sale in 1958. You can't direct science because there's inherent uncertainty about it, but you can increase the odds. So you can be funding science. You can encourage high risk science. It's likely to fail because that's the only way you get something new to start. And so you need to support risk taking.
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