But: a) all that is risky and extremely expensive (and as the semiconductor example shows us, often exponentially so); and b) whatever technology you use, you will always be pushing up against physical limits--that's just the nature of the physical engineering disciplines.
These are novel concepts in a world where we see "technological progress" as the evolution of the internet from AOL in 1995 to Facebook in 2010 and wonder why other areas don't improve so fast.
PS) I'd be quite interested to see any specific papers you had in mind vis-a-vis alternative cycles for jet engines.