The four most important charts in science & technology
(note: all y-axes are log scale)
(note: all y-axes are log scale)
There's no guarantee these trends will continue without massive public & private investment and smart regulation... but imagine if they do:
- compute power too cheap to meter
- clean energy too cheap to meter
- genomic sequencing too cheap to meter
- batteries too cheap to meter
- compute power too cheap to meter
- clean energy too cheap to meter
- genomic sequencing too cheap to meter
- batteries too cheap to meter
Here's the same data, but with linear y-axes (instead of log scale) so you can so more easily how dramatic the changes have been for microprocessors, solar PV modules, genetic sequencing, and lithium-ion batteries.
Of course, it's not all sunshine & rainbows.
Two important charts with troubling trends:
1. Eroom's Law (Moore's Law spelled backward): # of new drugs approved by FDA per billion $ spent on R&D has halved every 9 years since 1950
2. TFP growth has stagnated since the mid-1970s
Two important charts with troubling trends:
1. Eroom's Law (Moore's Law spelled backward): # of new drugs approved by FDA per billion $ spent on R&D has halved every 9 years since 1950
2. TFP growth has stagnated since the mid-1970s
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