Jump-start the economy with public investments in science – Jonathan Gruber and Simon Johnson

MIT Sloan Professor Simon Johnson

MIT Sloan Professor of Economics Jonathan Gruber

From The Hill

The American engine of progress and prosperity is in serious trouble. Innovation has stalled. The number of good, middle-class jobs is dwindling. Wealth and opportunity are increasingly concentrated in a few coastal megacities. And cultural divides are widening. How do we turn this tide?

The answer lies in science — specifically, government-funded science. Investment in science is the ultimate pro-growth policy: It leads to more invention, higher productivity and broad-based economic development.

According to our research, if the U.S. government were to boost funding by $100 billion per year with strategic, geographically dispersed investments and initiatives, the result would be roughly 4 million new jobs.

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Zero to IPO – Freddie Kerrest

Freddie Kerrest, MBA ‘09

Excerpt from MIT Sloan School of Management  

Angie Hicks of Angie’s List went from doorsteps to NASDAQ. Mark Zuckerberg turned his dorm room idea into a Silicon Valley corner office. A co-founder “blind date” between Julie Rice and Elizabeth Cutler sparked the cult-like following of Soul Cycle.

Sure, there were challenges (and legal battles) along the way, but happy endings came for these entrepreneurs — which make for easy fairytales to tell in glossy profiles and curated news sites.

Frederic Kerrest, MBA ’09, wants to change that with his newly launched podcast “Zero to IPO.” Read More »