Behavioral Economics and Science Financing

23Apr11

Mankiw recently points to a Brookings institution in-depth summary (a.k.a. “textbook”) of recent research in economic decision-making and psychology.

NIH funding dodged this year’s bullet, unusually. I still think it’s worth considering how public funding of science exhibits market failures and externalities. Hopefully someone will eventually run the numbers and use them as ammunition for public and private efforts to increase the positive influences of science in society.

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