Say It Ain't So -- Government R&D Funding Slows Economic Growth!

Terence Kealey, who is a biochemist* and the vice-chancellor of Buckingham University in Britain, writes a remarkably interesting column in the current issue of the New Scientist. Here is the nub of Kealey's argument that government R&D slows economic growth:

In 2003, the Organisation for Economic Co-operation and Development published The Sources of Economic Growth in OECD Countries, reporting on a comprehensive regression analysis of the factors that might explain the differentSource: Reason Magazine - Hit Run RSS Feed