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Science Doesn’t Need Public Funding

Terence Kealey joins us for a discussion about publicly funding scientific research. Should science be funded by the government?

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This week we’re joined by Terence Kealey, Vice-Chancellor Emeritus at the University of Buckingham, to talk about the public funding of scientific research.

Many people believe that science and research are public goods and thus need financial support from the government. But is science really a public good? How does government money sway scientific results? If we got rid of public funding, what would happen to scientific research?

Show Notes and Further Reading 

“Does Public Funding of Science Enhance Scientific Progress?” (Cato Policy Forum Video)

Terence Kealey, The Economic Laws of Scientific Research (book)

“The Sources of Economic Growth in OECD Countries” (OECD Study)