The Economic Laws of Scientific Research

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Challenging conventional wisdom, this book critically examines the impact of government funding on scientific advancement and economic growth. Through historical analysis and international comparisons, Terence Kealey argues that state-sponsored science does not necessarily lead to prosperity, citing examples like Japan's economic success despite minimal government investment in science. Instead, he advocates for a free market approach as the more effective catalyst for innovation and scientific progress, prompting readers to reconsider widely held beliefs about science funding.