Is innovation slowing down? With Matt Clancy

创新是否放缓?与马特·克兰西对话

The Economics Show

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2025-02-10

34 分钟
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Productivity growth in the developed world has been on a downward trend since the 1960s. Meanwhile, gains in life expectancy have also slowed. And yet the number of dollars and researchers dedicated to R&D grows every year. In today’s episode, the FT’s Chief Data Reporter, John Burn-Murdoch, asks whether western culture has lost its previous focus on human progress and become too risk-averse, or whether the problem is simply that the low-hanging fruit of scientific research has already been plucked. He does so in conversation with innovation economist Matt Clancy, who is the author of the New Things Under the Sun blog, and a research fellow at Open Philanthropy, a non-profit foundation based in San Francisco that provides research grants. John Burn-Murdoch writes a column each week for the Financial Times. You can find it here Subscribe on Apple, Spotify, Pocket Casts or wherever you listen. Presented by John Burn-Murdoch. Produced by Edith Rousselot. The editor is Bryant Urstadt. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Hello, I am John Byrne Murdoch, sitting in for Sumayr keynes on the FT's economics show.

  • In my day job, I crunch data and make charts for the FT in my weekly column, Data Points.

  • And a few months back I wrote a column arguing

  • that the west was shifting away from a culture of progress,

  • of moving fast and breaking things,

  • and towards one more concerned with caution and perhaps risk or inequality.

  • And the theory I was setting out was

  • that a lot of what determines how economies function and what they do and how they grow is how we think about or talk about innovation and progress on a societal level.

  • Shortly afterwards, someone wrote a very interesting response, pushing back, I think,

  • on some of the things I was saying, but bringing a lot more material to the discussion.

  • And that was my guest today, Matt Clancy.

  • So, Matt, hello.

  • Thanks for being here.

  • Now, by way of introduction, can you tell us a little bit about who you are,

  • what you do, and why the debate about what produces progress is a matter close to your heart?

  • Yeah.

  • So by training I'm an academic economist and I specialized in the economics of science and innovation and used to teach at university,

  • worked for government, but now I am at Open Philanthropy.

  • We're a grant maker and I run the Innovation Policy Program,

  • makes grants to try to accelerate scientific and technological progress.