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Economics, Security, and the Decline of the US Creative Class

Posted By Barry Ritholtz On October 6, 2004 @ 6:38 am In Finance,Science | Comments Disabled

In the beginning of the year, we asked the question: “Is the balance of scientific power shifting?” [1]

That question gets revisited when Jim Zellmer’s Metro.com asks about the “Decline of the US Creative Class?” [2]:

“The strength of the American economy does not rest on its manufacturing prowess, its natural resources, or the size of its market. It turns on one factor–the country’s openness to new ideas, which has allowed it to attract the brightest minds from around the world and harness their creative energies. But the United States is on the verge of losing that competitive edge. As the nation tightens its borders to students and scientists and subjects federal research funding to ideological and religious litmus tests, many other countries are stepping in to lure that creative capital away. Ireland, Canada, Australia, New Zealand, Denmark, and others are spending more on research and development and shoring up their universities in an effort to attract the world’s best–including Americans.”

Amazingly, this has not become an election issue — it is intimately tied into the economic and security issues now facing the country. In many ways, the autonomic bureaucratic responses to 9/11 are potentially impeding our economic strength — and that’s a major security issue.

The candidates should go back and reread the Nature article on the subject . . .

Sources:
Decline of the US Creative Class? [2]
Jim Zellmer
Metro.com, October 05, 2004

http://www.zmetro.com/archives/000849.php

As one door closes… [3]
Geoff Brumfiel (with David Cyranoski, Carina Dennis, Jim Giles, Hannah Hoag and Quirin Schiermeier)
Nature 427, 190 – 195 (15 January 2004)

http://www.nature.com/cgi-taf/DynaPage.taf?file=/nature/journal/v427/n6971/full/427190a_fs.html

Labor Supply and the “Brain Drain”: Signs from Census 2000 [4]
Paul D. Gottlieb
The Brookings Institution, Center on Urban and Metropolitan Policy, January 2004

http://www.brook.edu/es/urban/publications/20040116_gottlieb.htm


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/10/economics-security-and-the-decline-of-the-us-creative-class/

URLs in this post:

[1] “Is the balance of scientific power shifting?”: http://bigpicture.typepad.com/comments/2004/01/is_the_balance_.html

[2] “Decline of the US Creative Class?”: http://www.zmetro.com/archives/000849.php

[3] As one door closes…: http://www.nature.com/cgi-taf/DynaPage.taf?file=/nature/journal/v427/n6971/full/427190a_fs.html

[4] Labor Supply and the “Brain Drain”: Signs from Census 2000 : http://www.brook.edu/es/urban/publications/20040116_gottlieb.htm

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