On Progress and Intelligence
sohamgovande.com · 968 words · saved by 1 readers
On progress, intelligence, and the coming economics of scientific discovery.
On Progress and Intelligence May 3, 2026 Material progress is stagnating. For the last several decades, our societal investments in the hard sciences have seen marginally fewer and fewer returns, despite more money, more researchers, and more powerful tools: the number of new drugs invented per dollar* has halved every decade ( Eroom’s Law , Moore’s Law backwards); abundant, reliable clean energy at civilization-wide scale is not within reach; and each new semiconductor process node is vastly more expensive. This slowdown of civilization-scale innovation---the Great Stagnation, as Tyler Cowen
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