Science and Public Funding

7 November 2006 at 3:55 pm Leave a comment

| Peter Klein |

As discussed previously on these pages, the relationship between scientific research (basic and applied) and public funding is more subtle and complex than is usually assumed. The current issue of the Independent Review features an article by William N. Butos and Thomas J. McQuade, “Government and Science: A Dangerous Liaison?”, exploring this relationship in detail. Write Butos and McQuade:

There are serious reasons . . . for thinking that the liaison between government and science carries with it unrecognized dangers for the functioning and integrity of science as a reliable generator of knowledge. It is not so much that government seeks to exert a blatant and crude control over the content and direction of scientific inquiry — although such heavy-handed intrusion has precedents, most notably in the USSR — but that the structure and conduct of seemingly benign and generous government funding of science has side effects that generate instabilities in scientific activity in the short run and corrode the structure and adaptability of the system of science itself in the long run.

Dan Klein’s fine EconJournalWatch has published two recent pieces on the effects of public funding on research in two branches of applied economics, by Larry White on monetary economics and E. C. Pasour, Jr., on agricultural economics.

Entry filed under: - Klein -, Classical Liberalism, Methods/Methodology/Theory of Science.

Election Day More on Law and Entrepreneurship

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Nicolai J. Foss | home | posts
Peter G. Klein | home | posts
Richard Langlois | home | posts
Lasse B. Lien | home | posts


Former Guests | posts


Recent Posts



Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

%d bloggers like this: