2 ms·
> I just did a quick calculation from their wikipedia funding page. Since its inception, NASA has received 1069.323 billion dollars in 2014-inflation-adjusted d
by hackuser 12y ago
> I just did a quick calculation from their wikipedia funding page. Since its inception, NASA has received 1069.323 billion dollars in 2014-inflation-adjusted dollars.
Interesting, thank you, and much less than I would have guessed. Given their achievements, I think that's economical.
> That's a trillion dollars that could have been spent solving world hunger, poverty, disease, even income equality. Sure, there have been all sorts of side-effects from all that NASA R&D ...
The economists call that "opportunity cost" and I agree. I'm always a little uncomfortable with funding NASA missions to Mars, etc., though I think the benefits are worthwhile. Also, NASA has produced much science, including climate change research, which I think is clearly a good investment (based on my limited knowledge of the marginal value of NASA's research).
> ... but let's not try to compare apples to oranges here. Because you can't really compare public and private institutions' achievements. One has to earn the profits it spends on fancy R&D, and the other simply has to ask for it in the government budget.
Not really; it's not a matter of asking. Federal funds are limited and agencies fight wars, publicly and privately, over access to them. As in private enterprise, sometimes funding is decided on merit and sometimes politically.
Ironically, much of private enterprise is funded the same way -- from the federal budget.