> "If you think more young people should be spending their time doing research and development and less people should be doing management consulting then the an

> "If you think more young people should be spending their time doing research and development and less people should be doing management consulting then the answer is simple. Subsidize it." He is. Tyler Cowen lead the creation of Emergent Ventures. (https://www.mercatus.org/emergentventures https://www.mercatus.org/emergentventures) From the opening of their application which he shared on his blog: > "We want to jumpstart high-reward ideas—moonshots in many cases—that advance prosperity, opportunity, liberty, and well-being. We welcome the unusual and the unorthodox. > Our goal is positive social change, but we do not mind if you make a profit from your project. (Indeed, a quick path to revenue self-sufficiency is a feature not a bug!) > Projects will either be fellowships or grants: fellowships involve time in residence at the Mercatus Center in Northern Virginia; grants are one-time or slightly staggered payments to support a project. > We encourage you to think big, but we also will consider very small grants or short fellowships if they might change the trajectory of your life. We encourage applications from all ages and all parts of the world." Incredibly, they're taking no stake in successful ventures. They're just subsidizing high-reward ideas to encourage them. If you read The Complacent Class and Stubborn Attachments—both highly recommended, you'll get a better idea of where Tyler is coming from and why this issue of decreasing dynamism is an issue he's so concerned about.