A Brief Historical Look at Government’s Role in Major Technological & Economic Innovation
christiangarrett.substack.com
I have spent the past few months researching the impact of bubbles on modern economies, specifically the American economy. This is a fascinating topic and I recommend you dive into some of the work by Debora Spar and Carlota Perez, as you will see how the financial, technological, and economic cycles of innovation have continued to lead to progress. Over the past 244 years, America has gone from a fledgling country, to the most dominant super-power history has ever seen, through rapid technological advances that positioned America for the modern age. This writing, however, is not about bubbles and their relation to capital and entrepreneurship, but it is about what was the catalyst for the major economic and technological themes that were the backdrop for those cycles. The genesis for these major advances had a common theme, Government backing — or what we could call Public-Private-Partnership.
A Brief Historical Look at Government’s Role in Major Technological & Economic Innovation
A Brief Historical Look at Government’s Role…
A Brief Historical Look at Government’s Role in Major Technological & Economic Innovation
I have spent the past few months researching the impact of bubbles on modern economies, specifically the American economy. This is a fascinating topic and I recommend you dive into some of the work by Debora Spar and Carlota Perez, as you will see how the financial, technological, and economic cycles of innovation have continued to lead to progress. Over the past 244 years, America has gone from a fledgling country, to the most dominant super-power history has ever seen, through rapid technological advances that positioned America for the modern age. This writing, however, is not about bubbles and their relation to capital and entrepreneurship, but it is about what was the catalyst for the major economic and technological themes that were the backdrop for those cycles. The genesis for these major advances had a common theme, Government backing — or what we could call Public-Private-Partnership.