It turns out that what drives an economy is science, science, science, If you want to create jobs, spend on science. … It was right there for everyone to see with Tim Berners-Lee and the World Wide Web. Much of our postwar economic boom from 1945 to the present grew from quantum mechanics. We take it for granted when we take out our cell phone and charge the battery.
Robert M. Solow of MIT, who developed a raft of equations to analyze economic growth. Mr. Solow won the Nobel Prize for Economics in 1987 for his pioneering work.
Source: Symmetry Magazine