Heidi Williams, a Professor of Economics at Dartmouth College and innovation policy expert, joins to delve into the pivotal role of research and development. Discover the surprising economic benefits of both public and private R&D funding. Williams emphasizes that government investment is crucial for innovation while addressing misconceptions about its value. The discussion also unpacks the rapid impacts of R&D on economic growth and the need for better integration of research insights into policy-making. Tune in for a thought-provoking exploration of the economics of innovation!