Discussion: The Economic Laws of Scientific Research

Author: Terence Kealey

Description: In this book, Terence Kealey examines the debate over whether government funding of science promotes economic and cultural growth. He argues that the evidence is inconclusive, with examples like Japan flourishing without heavy state investment in science, while the USSR and India, which heavily funded science, faced economic decline. Kealey challenges the common belief that government-funded science drives economic success, suggesting instead that a free-market approach has proven more effective in fostering scientific advancement and innovation.

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