Is Innovation Stagnant?

Has True Innovation Stalled? Peter Thiel and Robert Metcalfe debate this compelling question.
Figure 1. Total patent grants per year in America. Source: WIPO.
Figure 2. Technology adoption rates for American households. Source: Our World in Data.
Figure 3. The evolution of transistors per microprocessor since 1971. Source: Our World in Data.
Figure 4. Electricity vs. IT adoption. Source: Syverson, 2017.
Figure 5. Number of researchers vs. TFP growth. Source: Bloom et al., 2017
Figure 6. Top physicists appraisals of physics discoveries by decade. Source: The Atlantic.
Figure 7. Average number of authors per study over time. Source: Fortunato et al., 2018
Figure 8. New articles vs. new ideas appearing in those articles. Source: Fortunato et al., 2018
Figure 9. Optimal and actual research programs in biochemistry. Source: Fortunato et al., 2018
Figure 10. Average age at which inventors obtain their first patent. Source: Jones, 2009.
Figure 11. Average number of inventors per patent. Source: Jones, 2009.
Figure 12. Household technologies by adoption period and type. Source: Our World in Data.
Figure 13. TFP for three different sectors. Source: Fernald, 2014.
Figure 14. Computer and Electronic Products/ Durable Manufacturing Sector. Source: BLS.
Figure 15. Top five performing industries in terms of growth. Source: BLS.
Figure 16. Top five performing industries for constant, steady growth. Source: BLS.
Figure 17. “Agriculture, Forestry, and Fishery” sector and its industries. Source: BLS.
Figure 18. The “Mining” sector and its industries. Source: BLS.
Figure 19. The “Finance, Insurance and Real Estate” sector and its industries. Source: BLS.
Figure 20. The “Non-Durable Manufacturing” sector and its industries. Source: BLS.
Figure 21. Important service sector industries with a problematic TFP trend. Source: BLS.

Writer/Philosopher

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William Tomos Edwards

William Tomos Edwards

Writer/Philosopher

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