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This comment reveals a misunderstanding about how university research works. Individual professors are responsible for raising money from the government or priv
by ckemere 4y ago
This comment reveals a misunderstanding about how university research works. Individual professors are responsible for raising money from the government or private philanthropists to pay for research. University endowments are sometimes used for seed investments, but the vast majority of endowment investment into "research" is paying the professor salaries. Note that in most fields the grant-funded graduate students, postdocs, or research scientists are the ones who do the work. In this respect, one could compare university professors to startup-founders, with the return on the universities (meager) investment being indirect returns (the 50% administrative fee that is charged on grants) and fame to the university.
- newaccount2021 4y ago