more rational societies have better science and better economies
More-developed societies develop technology; less-developed societies use them without paying the huge costs of development.
It’s not evident which strategy is a win. Historically, it often appears that those who develop tech win. But not always. Japan has for decades been cashing in on American developments in cars, automation, steelmaking, ICs, and other areas.
If American corporations were required to foot the bill for the education needed for technological development, instead of having it paid for by taxpayers and by students, they might choose not to.
More-developed societies develop technology; less-developed societies use them without paying the huge costs of development.
If you patent something, you can charge what you like for the license. Were you suggesting that some countries ignore patent law; or that extenalities (such as failed R&D projects and education costs) don’t get recompensed? Or something else?
But not always. Japan has for decades been cashing in on American developments in cars, automation, steelmaking, ICs, and other areas.
That’s probably unfair. Japan files a lot of patents—more than the US by some measures.
The subject was discussed at Overcoming Bias recently.
More-developed societies develop technology; less-developed societies use them without paying the huge costs of development.
It’s not evident which strategy is a win. Historically, it often appears that those who develop tech win. But not always. Japan has for decades been cashing in on American developments in cars, automation, steelmaking, ICs, and other areas.
If American corporations were required to foot the bill for the education needed for technological development, instead of having it paid for by taxpayers and by students, they might choose not to.
If you patent something, you can charge what you like for the license. Were you suggesting that some countries ignore patent law; or that extenalities (such as failed R&D projects and education costs) don’t get recompensed? Or something else?
That’s probably unfair. Japan files a lot of patents—more than the US by some measures.
The subject was discussed at Overcoming Bias recently.
I’m no economist, but don’t they already pay for it to a certain extent, in the form of the higher wages educated workers demand?
I think that’s more a function of the rarity of the educated individuals of the needed sort, than of the cost of their education.