The standard story of American innovation features Silicon Valley, venture capital, and the heroic startup founder. When you trace the history of the internet, GPS, mass-produced penicillin, or the COVID vaccine, the starting point is not a term sheet but a government grant. How much does this matter, and can we measure it? Tim Phillips speaks to Paolo Surico of London Business School and CEPR who, working with Andrea Gazzani, Joseba Martinez, and Filippo Natoli, has built the first systematic

Tag-uri: Coronavirus