Alexander Field: Mixed Lessons From the Great Depression (4/4)

The video discusses the role of private sector R&D, particularly in ICT, and contrasts it with public sector efforts. It highlights the mixed lessons from the Great Depression, noting the stability of higher education during that time. The post-war expansion of education, driven by the GI Bill and Sputnik, is also covered. The importance of human capital in productivity growth is emphasized, with a focus on highly trained R&D workers. The video concludes with a positive outlook on supply-side economics.

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