The U.S. is lagging behind other world powers when it comes to technological innovation, and if the government doesn’t start investing more in research and development, America’s future growth will be in jeopardy.
That’s part of the case made in a new book called “Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream.” In it, co-authors and MIT economists Jonathan Gruber and Simon Johnson argue that public – rather than private – investment in science has a very big rate of return for the country and its citizens.
