Posts filed under “Research”
The graphic above, via Jon Bruner of Forbes, reflects the enormous American contribution to Arts & Sciences over the past century.
What is intriguing is not just that the US has won so many prizes, but that the a third of American Nobels have gone to immigrants to the US:
“The United States has won more Nobel prizes for physics, chemistry, physiology or medicine, and economics since World War II than any other country, by a wide margin (it has been less dominant in literature and peace, two awards that are much more broadly distributed among nations). At least one American has won a prize each year since 1935 (excluding the years 1940 through 1942, when no prizes were given out). And the United States became dominant after a very slow start: no American won a science prize in the first six years of the prize’s existence.”
This is important in many ways:
1. The US attracts many of the wold’s best & brightest students and future Technology and Scientific leaders;
2. Their work (eventually) leads to breakthroughs that generate tremendous economic value, creating jobs and new industries;
3. That success in turn attracts the next generation of intellectual stars, creating a virtuous circle.
4. Anything that puts this cycle at risk is a long term threat to the economic health of the US.
Which raises a few obvious questions: What is the biggest threat to this virtuous, self-reinforcing system? What is it that could derail this important component to the American engine of prosperity? And, what can we do to fix that?
Hat tip: Flowing Data
Is the balance of scientific power shifting? (January 16th, 2004)
Losing Our Intellectual Edge (December 22nd, 2004)
Herewith a potpourri of unrelated items I’ve found on my never-ending voyage through the internet. Grab a cup of coffee and pull up a chair. Seen This Movie Before First up, an excerpt from a speech given by Teddy Roosevelt in December 1906. I was taken by the opening line and the third paragraph. Indeed,…Read More
The Census Bureau released its annual report on Income, Poverty, and Health Insurance Coverage: 2010 (full PDF) this morning. Barry has posted the slide presentation that staff went through during the conference call over in the Think Tank (please have a look). The (very ugly) bullet points from the release can be found here, and the…Read More
Via Paul Krugman, I’m led to this WaPo piece about the imminent demise of the Statistical Abstract of the United States, which is an invaluable resource for all manner of at-a-glance data. Regardless of one’s ideology or political leanings, I think we can all agree that more information is better, less information not as good,…Read More
Forecasting is a rough gig that often confounds even those who do it for a living and generally do it well. Situational awareness (see e.g., this and this), on the other hand, is all about knowing “what you need to know not to be surprised,” and having “the ability to maintain a constant, clear mental…Read More
The St. Louis Fed’s huge data repository, FRED, now has an incredible new feature: an Excel Add-in, which is available here. I’ve been test-driving the add-in for a month or so, and am very impressed with its capabilities. If you’re a user of the FRED database, you may want to check it out for yourself….Read More
I think it’s likely that I introduced Bob Farrell’s Market Rules to Remember to the blogosphere (albeit to a smaller audience), as they’d been an integral part of my upbringing in the business and I was eager to share them when I started blogging. (BR posted them here in August 2008.) That said, let’s have…Read More
Obama had one shot at a stimulus package when the economy was reeling from the near economic collapse of 2008. Some members of his team argued it needed to be bigger (it did), but for whatever reasons they did not prevail. What was needed then — as now — was to put money to work…Read More
Invictus writes: I could not help but be struck by the different positions — both articulated on Friday – on federal spending taken by two economists for whom I have the utmost respect — Paul Krugman and David Rosenberg. In his daily missive Friday, Rosie went off on federal spending: Government spending, in the United…Read More
The Chicago Fed’s National Activity Index (CFNAI) printed this week. The CFNAI is among my favorite indicators that no one seems to follow (though it is covered monthly by Calculated Risk and usually David Rosenberg). It is an amalgam of 85 distinct economic indicators that gives a very accurate read on the economy. The folks…Read More