Boom And Bust: As Government Takes Over Science, Funding Becomes Prone To Bubble Formation

The government enjoyed tremendous success steering the goals of science in World War II and that continued during the NASA era. Since that time, government has exercised greater control of science through larger and larger pools of funding that have gradually supplanted corporate basic research. But government control of funding has its downside; fashions in research funding (solar power now, before that), reward structures in universities that focus on government grants and streamlining of scientific agendas undermine traditional scientific norms and may even result in science bubbles. read more

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