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EnerG2 News 7/9/2009

Why Materials and Molecules Matter

Materials Science in the coming decade may well become an economic engine akin to Information Technology in the 1990s

By: Chris Wheaton
July 9, 2009

"Economic growth occurs whenever people take resources and rearrange them in ways that are more valuable."

Stanford University Economist Paul Romer

The 1990s were the decade of the computer scientist. Digital bits and bytes improved the quality of life and raised the standard of living for hundreds of millions of people around the world; Paul Romer's resource rearrangement was frenetically and highly successfully executed throughout the decade and into the first years of the 21st century. However, as we close out the first decade of this century, materials and molecules have replaced bits and bytes as the powerful agents for a next generation of prosperity. The materials scientist has become the newest economic accelerator.


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