Illustrations by Istvan Banyai
In the information age, would-be inventors need to learn a lot more before they can create tomorrow’s revolutionizing gizmos. This “burden of knowledge” means that aspiring innovators are going to school longer, specializing more, and relying more heavily on collaboration. Absorbing all the facts at humanity’s disposal will require “ever-increasing effort,” and the pace of innovation will slow.
—“The Burden of Knowledge and the ‘Death of the Renaissance Man’: Is Innovation Getting Harder?,” [PDF] Review of Economic Studies
Why are Ivy League endowments typically so much larger than those of public universities? Because more-selective private schools—like Harvard, which has built up a $35billion behemoth—see far better returns on their endowment investments. Highly competitive schools have skilled administrations, wealthy and connected alumni, and prestigious brand names—all of which can help them draw better asset managers and get better results in the markets.
—“Secrets of the Academy: The Drivers of University Endowment Success,” [PDF] National Bureau of Economic Research
The Army will need to master a range of green practices—from recycling motor oil to reducing plastic waste—in order to succeed in the drawn-out stability operations of Iraq and Afghanistan. During long engagements, toxic environments threaten soldiers’ health; waste disposal creates logistical and security nightmares; clean water and viable farmland are crucial to winning over the locals; and discarded hazardous materials can blow up unexpectedly or provide targets for terrorists.