@WSJ @mattwridley The Entrepreneurial State: debunking public vs. private sector myths:
http://marianamazzucato.com/the-entrepreneurial-state/ …pic.twitter.com/uPhcxa5FU2
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@WSJ @mattwridley The Entrepreneurial State: debunking public vs. private sector myths:
http://marianamazzucato.com/the-entrepreneurial-state/ …pic.twitter.com/uPhcxa5FU2
@WSJ Would industry fund a cure for diseases that affect mostly the poorer people in the world?
@WSJ @mattwridley Rubbish. Research sets out the big ideas often from things that wouldn't seem commercial. The market merely refines it.
.@WSJ @mattwridley the 80% of lending that goes into inflating the price of pre-existing assets probably crowds out innovation effectively.
@WSJ @DouglasCarswell @mattwridley Should the government fund science?
YES! YES!YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES! YES!
.@WSJ @mattwridley @nmrqip Certainly rings true for microelectronics R&D - where I spent my career.
@WSJ @mattwridley Technology seems to change by a sort of inexorable, evolutionary progress, which we probably cannot stop
@WSJ @mattwridley Science is the only promising invention of man, where he takes nature, and tries to understand it. Nothing is more in need
@WSJ @mattwridley ever hear of nasa?
@WSJ @mattwridley Would Edison or Polaroid's Edwin Land worked so hard to invent if they could not protect. It's unlikely.
@WSJ @mattwridley Thru patent clause, gov't manages the great risk/price of innovation. Patents manage the downside risk. No mention by you.
@WSJ @mattwridley If invention is meaningful, inventor gets 20-year monopoly & public gets new invention. If not? Gov't pays $0.
@WSJ @mattwridley History is clear: Jefferson hated patents. He only agreed to patent clause as means to finance innovation. It's brilliant!
@WSJ @mattwridley A patent IS government funding!! See http://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?filename=0&article=1289&context=gaming_institute&type=additional …
@WSJ @mattwridley Should govt. fund science? Can public schools even teach basics, such as handwriting, using libraries, reading books?
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