The economics of science, and the sociology and the economics of scientific knowledge - Economics of Science

4 important questions on The economics of science, and the sociology and the economics of scientific knowledge - Economics of Science

What is economics of science?

Study of economic factors that influence the conditions under which science is practiced, but which do not influence the content of science "old economics of science"

Who is Robert K. Merton?

Founding father of modern socialogy (self fulfilling prophesy, role models etc)

The development of economics of science is based on his work

What are the problems with ES?

- ES uses disinterested as a bad thing, but people need to make a living out of their work. Selling a theory for money is in contradiction with communalism

- The real world is competive. Scientists do not focus on fundamental research that won't get them anywhere.
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What is the recommended policy for basic scientifc research?

The government should subsidize basic research. Outside of this research, such as extended, this does not need to commit to the four norms)

Recovery: patents

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