gbaji wrote:
And yet, every single year we are treated to examples of the kinds of silly things that do get funded. It's not a delusion when it happens, is it?
moe wrote:
Might I point out the 300,000 pounds that the British Government spent to find out that ducks like water?
So you are both saying that research funding is less then 100% efficient.
Granted.
It is like saying we should not collect income taxes because some people cheat. Or that we should have any laws because some people will break them. You both seem to be laboring under the delusion that I'm claiming no waste of any kind. My god, of course there is! Comparing the waste in private industry versus government would be a profitable comparison.
"there's also some reasonable evidence that not only does publicly funded research not produce much in economic terms, but my actually produce negative effects by "crowding out" potentially more fruitful research by private industries in the same areas."
Oh yes there is some evidence of that. There just happens to be overwhelming evidence to the contrary. Specifically, the article may be right in the short term, but in the long term...e.g. investing in giant magneto resistance and getting the ipod there is no contest. Numbers vary from 3:1 to 10:1. You can google the sources.