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Terrence Kealey would disagree: http://www.scientificamerican.com/article.cfm?id=the-economics-of-science http://www.scientificamerican.com/article.cfm?id=the-e
by daemonk 13y ago
Terrence Kealey would disagree:
http://www.scientificamerican.com/article.cfm?id=the-economics-of-science http://www.scientificamerican.com/article.cfm?id=the-economi...
- rafcavallaro 13y ago1. He admits that he has no proof that private firms would take up the slack if government stopped funding basic science research - only his bizarre notion that science is NOT a public good. 2. He says that government has a DUTY to fund defense research, so clearly his whole argument excludes innovations and contributions to GDP from defense research funded by the state. In short, his argument is bollocks.