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The Rise and Fall of American Technology

By: Lynn G. Gref | Book details

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CHAPTER 5. THE FINANCES OF TECHNOLOGY

“Follow the money.”—Bob Woodward and Carl Bernstein

FIGURE 5.1. TOTAL U.S. EXPENDITURES IN R&D (CONSTANT 2000 $)

Just as it is important to know how technology is developed and who develops it in order to gain an understanding of the decline in U.S. technology, it is important to know something about the finances of technology development. This chapter provides some basic information on the historic levels of research and development (R&D) funding in the United States, where that funding has come from and where

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