Daron Acemoglu on what to do

In a piece entitled “The Real Solution is Growth,” he makes many good points, here is one:

Foster the commercialization of innovation. Much more can be done to facilitate this process. The Bayh-Dole Act of 1980 was only a small step toward encouraging commercialization of academic research. Even as the U.S. government is trying to cut spending, commercialization of new research would be one area deserving of new funding, particularly to ensure that this process does not undermine the greatest virtue of academic research, its openness.

He is also very good on patents, see this earlier Will Wilkinson blog post too.

Hat tip goes to ModeledBehavior on Twitter.


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