Back in the dark days of January 2021, when the world economy was reeling from the savage hit of the COVID-19 pandemic, we published a short blog called How to Get some Free Money(LSS 2 1 21) Everyone at that time was worried about the colossal debts their governments had run up to pay for the catastrophe-were we all to be bankrupt for ever? Our point was that Science and Technology were the key to economic success. Encourage them. and you will grow your way out of debt. However hard a medieval peasant worked and saved he could never hope to achieve the productive levels of a man with a steam driven plough.
How comforting then, to find that better, more profound minds have demonstrated this truth at a Nobel level. By incredibly detailed studies Joel Mokyr, Phillipe Aghion and Peter Howitt [1] have looked at archives, crunched the numbers, weaved out feedback loops and carried out any number of other careful ratiocinations to prove the point. You can read more here [2] if you like graphs and words and things. But for us three things stand out.
There has to be abstract learning first. Many of the ideas and processes that drove the industrial revolution had appeared a hundred years before as the abstruse discoveries of thinkers like Newton and Hooke, which the average man in the street would have called “bonkers!”. There has to be a social ecology of skilled and trained workers, able to quickly deploy and develop the new ideas. In the eighteenth century this meant craftsmen like watchmakers and weavers. Now it means experts in AI and biotechnology. Finally a society must be open to rapid change: and welcome it where possible. For if you do not, someone will rapidly steal your markets with a new idea you could have developed but didn’t, because the old ways were tied and tested(think Kodak and digital cameras) [3]
All of which has relevance now, especially in the United States of America and the UK. In both those countries there is a growing movement to throw over renewable energy technologies and move back to coal and oil as soon as possible. We understand the fears and share some of the nostalgia for a bygone age which the proponents of this U turn so plainly demonstrate, Yet we also recognise that other countries will not. They will adapt clean green technologies rather fast. Not only will this leave the Anglo-Saxon economies hopelessly far behind. Their pollution will also make them a dangerous threat to other places in the world. Places which may seek to shut down that danger by whatever means necessary.
[1]https://www.nobelprize.org/all-nobel-prizes-2025/
[2]https://www.nobelprize.org/uploads/2025/10/advanced-economicsciencesprize2025.pdf
[3]https://www.forbes.com/sites/chunkamui/2012/01/18/how-kodak-failed/
#science #technology #growth #innovation #digital cameras #renewable energy
Learning, Science and Society 