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The Economic Laws of Scientific Research Paperback – February 15, 1997


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Product Details

  • Paperback: 396 pages
  • Publisher: Palgrave Macmillan; 6th edition (February 15, 1997)
  • Language: English
  • ISBN-10: 0312173067
  • ISBN-13: 978-0312173067
  • Product Dimensions: 8.3 x 5.5 x 1.2 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #1,196,681 in Books (See Top 100 in Books)

Editorial Reviews

Review

"This book is highly recommended reading or as a reference for anyone in science or technology...."--Dennis L. Feucht, Analogzone

"It is the first book by a practicing scientist to challenge the orthodoxy for decades, and should be read by those who are involved in science or merely wish to promote it." --Wall Street Journal (Europe)

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Most Helpful Customer Reviews

13 of 14 people found the following review helpful By Roger I. Roots on December 12, 2003
Format: Hardcover
Kealey's "The Economic Laws of Scientific Research" is one of those great libertarian books that proves a difficult and counterintuitive thesis. Kealey's thesis: that science is best left to the private sector and that government funding of science is a curse in disguise. At first thought, this idea seems counterintuitive. Hasn't government funding of science produced all kinds of advancements in technology? What about the internet? the various benefits of NASA and the Defense Department? Kealey shows that all of these benefits have been produced through very inefficient means.
Private sector firms somehow manage to generate scientific discoveries at a far greater rate than the governments of the world despite having much less money. Kealey points to the fact that the U.S. has generated far greater scientific advancements (mostly through the many business firms that dot the U.S. landscape) than the former Soviet Union. The U.S.S.R. employed a very high percentage of the world's scientists and engineers for several decades, and yet failed in the technology race. Kealey demonstrates that there are sound sociological reasons for this.
Buy it; read it.
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13 of 17 people found the following review helpful By maxlljoe@ozemail.com.au on July 12, 1998
Format: Paperback
Wow! A marvellously entertaining book, despite the horribly boring title. This must be one of the best exposures of the destructiveness of Big Government yet. Anyone who thinks that the free market is OK for making shoes and pizzas but that the really "serious stuff" like scientific research wont happen unless paid for by government should get a load of this book. From Roman times, through the Industrial Revolution to the present, the author shows that nearly all the important scientific and technological advances in history have come from private sources, from tradesmen or industrialists who had a "problem" and needed to fix it, and not from tax-funded laboratories. Worse than that, the more government has spent on science the slower has been economic growth. Should be required reading for all Ministers for Science Policy, not to mention Prime Ministers, Presidents and Heads of Treasuries.
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10 of 14 people found the following review helpful By mironov@mindspring.com on August 30, 1998
Format: Paperback
It is a most systematical and wonderfully written apology for the introduction principles of market economy in the policy of basic science funding. The bad news: The logical application of this theory will resulted in the elimination of all economically uneffective state funded science agencies. The good news: This action will dramatically increase salary of good scientists. Why? Read this excellent book. All explanations are there. After publication of this book the future of system of State Socialism in Academia looks very dark. The best time for the system of state slavary is over.
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