The Economic Laws of Scientific Research

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Challenging the conventional wisdom on government funding of science, the book presents a compelling argument that state-sponsored research may not be the key driver of economic and cultural growth. Through historical analysis and international comparisons, it highlights cases where countries thriving without heavy investment in science, like Japan, stand in contrast to those that have faltered despite significant funding, such as the USSR and India. The author advocates for a free market approach as the most effective means to foster scientific innovation and advancement.