Alexander Field: The Depression Era R&D Explosion (3/4)

The video discusses potential public investments that could catalyze economic growth in the US, despite the challenges of predicting outcomes. It compares the US's and China's economic strategies, highlighting China's willingness to invest in unproven technologies. The video also examines the surprising growth in R&D employment during the Great Depression, emphasizing the role of private sector investment and the development of new technologies and products during that period.

Discuss the impact of unproven technologies on public investment as mentioned in the text.

What was the significance of the work done by Philo Farnsworth in the context of R&D?