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I’m from the government, I’m here to help The case for more state spending on R&D It is a strong one HERE IS nothing new about economists arguing for more government spending on research and development ( R&D). Theoretical work done by Kenneth Arrow in the 1960s convinced his colleagues that the private sector would not on its own provide the amount of innovation that economies need to maximise their growth. Empirically the coincidence, in the 1950s, of increased government R&D spending and excellent rates of productivity and GDP growth strengthened the case further. Listen to this story

Arrow’s Paradox in the age of social media Updated: Updated: Shortened attention spans, relentless messaging, and the mechanics of elections make for an incendiary mix Share Article Shortened attention spans, relentless messaging, and the mechanics of elections make for an incendiary mix The mechanics of all elections are flawed. Each country has different rules regarding its voting systems, and each set of rules is necessarily a compromise. Some countries use ‘first past the post’ systems, while others use electoral colleges. Yet others use referendums where two choices are pitted agai...

evil foretold in the New Testament  book of Revelation will occur after  the end of the world as we know it; a literal interpretation of prophecies  of the end of days   The Fundamentals: a set of essays by multiple authors, published from 1910 to 1915, advocating traditionalist Protestant views such as premillennialism and biblical inerrancy); origin of the term “fundamentalist” to refer to someone subscribing to these views   Second, many of these attitudes, especially among evangelicals, reflect the strong historical tradition of Protestant voluntarism. Even before the American Re...

First senate confirmation. between the checkpoint administration and obama administration, lawrence summers served five years as president of the harvard university. then he served as the director of the national economic council for president obama t. lies that the trump administration has put out about its tax bill are as offensive to larry summers as any lies that donald trump has ever told. because for larry summers, economics is a deeply personal pursuit and for all good economists, it's a pursuit of the fruit. for larry summers, economics is in his blood. he was born into the profession....

For president obama t. lies that the trump administration has put out about its tax bill are as offensive to larry summers as any lies that donald trump has ever told. because for larry summers, economics is a deeply personal pursuit and for all good economists, it's a pursuit of the fruit. for larry summers, economics is in his blood. he was born into the profession. his brother robert was an economist. his mother anita is an economist and a professor at the university of pennsylvania as his father was. his uncle on his father's side, paul samuelson won the nobel prize in economics. another u...