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On Taking Things Apart

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Posted in Contemporary economics Tagged with: , ,

Consider a handful of apparently disparate facts. In “Wrapping It Up in a Person,” researchers last week reported in Science magazine on the first strong measurements of the impact of government-funded research on the economy – evidence designed to counter Congressional suspicions of lollygagging in programs funded by, among others, the National Science Foundation. Almost forty percent of PhD recipients whose work was funded by federal and nonfederal programs took jobs in industry, disproportionate numbers of them in high-tech and high-wage establishments. (The rest took jobs in education or government.) And while the graduates whose experience was studied spread across