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Our Decisions Matter for Technological Progress. Cutting Federal R&D Is a Misguided One

Summary by American Enterprise Institute
Progress is neither automatic nor inevitable. For most of history, living standards remained trapped at subsistence levels until a revolutionary idea emerged 500 years ago: Society could be systematically improved through the acquisition and application of knowledge. This “Up Wing” formula—embracing knowledge-driven progress despite its disruptive nature—triggered what economists call the Great Acceleration or Great Enrichment. The evidence is c…

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American Enterprise Institute broke the news in Washington, United States on Monday, May 5, 2025.
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