The economics of research and development. With Heidi Williams
The Economics Show
The Economics of R&D Funding
This chapter explores the misconceptions surrounding R&D spending and its perceived value by Congress, highlighting the overall economic benefits that often go unrecognized. It argues for the necessity of government funding in R&D, illustrating how this investment not only drives innovation and productivity but also complements private sector efforts. The discussion also addresses the complexities of funding strategies, the importance of collaboration among agencies, and the balancing of support for various research stages.
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