The “Sputnik Moment” for research

Noah Smith writes: U.S. prosperity depends on something called local multipliers. This means that stuff that we export brings in revenue from other countries, that then gets spread around the country via various service industries. In a 2010 paper, economist Enrico Moretti attempted to quantify this effect, and found the following:[F]or each additional job in manufacturing … Continue reading The “Sputnik Moment” for research