Here is a decomposition into multiple Hubbert cycles of patents granted each year since 1790 by the U.S. Patent Office to 1 million US residents. Note that without a new cycle of inventions in something, the current cycles will expire by 2050. In other words, the total number of U.S. inventions will decline dramatically in the next 20-30 years. Some of this decline might be forced by a decline of support for R&D and fundamental research in the US.
The fundamental cycle of patented inventions in the US peaked in 1914, when expressed per 1 million of people living in the US. This was the classical science and engineering patent cycle. The first small peak in 1870, was related to the Civil War and the newly acquired technological sophistication in the U.S. The second small peak in 1885, was probably related to the innovators who were born post 1860, coming of age. The third small peak in 1930, was a boost to innovation during the roaring 1920s. Curiously, the next large patent cy…
The fundamental cycle of patented inventions in the US peaked in 1914, when expressed per 1 million of people living in the US. This was the classical science and engineering patent cycle. The first small peak in 1870, was related to the Civil War and the newly acquired technological sophistication in the U.S. The second small peak in 1885, was probably related to the innovators who were born post 1860, coming of age. The third small peak in 1930, was a boost to innovation during the roaring 1920s. Curiously, the next large patent cy…