Word: beene
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Dates: during 1970-1979
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The centennial of Edison's great achievement comes at a time when American innovative genius, so well personified by Edison, has begun to fade. The nation that produced Robert Fulton, Robert Goddard, Edmund Land and many others now has far fewer folk-hero tinkerers. Laments James G. Cook, president...
Most of the important indicators are pointing down. The number of patents granted to U.S. citizens dropped from 56,000 in 1971 to 44,482 last year. Spending on research and development, which peaked at 3% of G.N.P. in 1964, was only 2.2% last year. While the U.S. percentage has...
Innovation means more than just new air-blown popcorn poppers or home computer games for a society already overrun with gadgets. America's dismal economic record over the past decade largely reflects the decline of research and new product development. Growth in productivity, which measures a worker's...
The Yankee dollar's weakness on money markets also reflects decreased innovation. For years high-technology exports such as computers and telecommunications equipment provided a comfortable trade surplus. But since the early '70s foreign manufacturers have strongly challenged American industrial products, and the U.S. has been suffering increasingly...
But Thomas Alva Edison was also the most prolific inventor who ever lived; without his gadgets modern life would be inconceivable. The phonograph, the movie camera, the microphone, the mimeograph, the stock ticker-they only begin the list. Though Alexander Graham Bell devised the first telephone transmitter and receiver, it...