Are We Spending Too Much Money Substituting Graduate Education?

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We're spent in too much money subsid orting graduate education in science, and we have too many that would be oud. I onsider this cor question of, like, okisat the nature of reality ors abouton of the nature of just how we're doing things. And thie's very suggestive evidence that kind of perturbations in a some of our sinal mechanisms can really yield high returns.

Patrick Collison, co-founder and CEO of Stripe, talks with EconTalk host Russ Roberts about the pace of innovation. Collison argues that despite enormous increases in the numbers of scientists and researchers, the pace of progress in scientific and technological understanding does not seem to be increasing accordingly. The conversation looks at the challenge of measuring innovation and whether the pace of innovation should be a matter of concern and if so, what might be done about it.