Levinson: Scientific research investments lack predictable timelines for economic returns
Mark Levinson · a16z Podcast | The Golden Era of Productivity, Retail, and Supply Chains · Jan 2, 2019 · at 32:43
Economist Marc Levinson explains why government policy decisions around long-term productivity investments like research and education are politically difficult.
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“We know that as a general proposition, it's been important for economic growth that we've had scientific research going on. Does that mean that if we put more money into scientific research now that we will be able to benefit from the consequences at any predictable time in the future? The answer to that is no.”
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