Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.
As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.
Our friends up north spend over five billion dollars on research and development and all they seem to do is copy Google and Apple.
While American taxes pay for much of the research and development that goes into creating the new, life-saving drugs, American consumers continue to subsidize the cost of the drugs for consumers across the world.
While I recognize the great value and importance of prescription drugs and strongly support a continued U. S. focus on pharmaceutical research and development, our nation's seniors cannot be asked to subsidize the drug costs of other wealthy industrialized nations any longer.
Starving research and development is like eating the seed corn.
Apple does all of its research and development in America. It has all these brilliant people sitting in Silicon Valley. But until recently, Apple made nothing in America. Zero. And the jobs that were accessible to a good, well-trained worker that knew how to do welding or assembly, none of those jobs had stayed in America. We don't have the workforce.
We must always emphasize research and development of science and mathematics, and I can think of no better way to achieve this than through our future in space.
In order for us to use the very best judgment possible in spending the taxpayer's money intelligently, we just have to do a certain amount of this research and development work ourselves. We just have to keep our own hands dirty to command the professional respect of the contractor personnel engaged with actual design, shop and testing work.
I like to call the difference between research and development. Some people use that interchangeably. They'll say R&D. They're two totally different things.
If the kingdom of God had departments, we’d want to work in research and development. We felt like Jesus didn’t hang out at the synagogue, he hung out at wells. Coffeehouses are postmodern wells. Let’s not wait for people to come to us, let’s go to them.
I want to increase our spending on research and development by 25%. That's something the U. S. does very well. That dynamism alongside a welfare state in the European community - that's the synthesis I want to achieve.
Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
I've developed a huge regard for Toyota for its environmental awareness, for its immense commitment to research and development in this field, and for its leadership in developing hybrids which others are now following.
If you didn't have patents, no one would bother to spend money on research and development. But with patents, if someone has a good idea and a competitor can't copy it, then that competitor will have to think of their own way of doing it. So then, instead of just one innovator, you have two or three people trying to do something in a new way.
US spend more on research and development than the other countries, so we shouldn't be making the internet a more hostile, a more aggressive territory.
Russia is modernizing its nuclear systems. They're moving toward more effective tactical nuclear systems. They're moving toward delivery systems designed to evade anti-ballistic missile defenses. The Russians are investing, by the way, in robotic weapons, including a potential robotic tank. Their investment in new technology, I suspect, outweighs all of the European defense research and development spending combined.
Now is not the time to gut these job-creating investments in science and innovation. Now is the time to reach a level of research and development not seen since the height of the Space Race.
I'll admit that the discovery of evolution is humbling, but it is also empowering. It transforms our relationship to the life around us. Instead of being outsiders watching the natural world go by, we are insiders. We are part of the process; we are the exquisite result of billions of years of natural research and development.
Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development - it has run consistently about 6 percent of sales at Sony - and in service.
