Study the economic impact of research? Win $5,000

As I found in my reporting of a July feature called linkurl:"Is science a good bet,"

By | August 7, 2007

As I found in my reporting of a July feature called linkurl:"Is science a good bet,";http://www.the-scientist.com/toc/2007/7/1/ it is a daunting task to figure out the economic impacts of investing in research. For decades economists have tried, but they've managed only to eke out a fuzzy sense of direction?meaning that the impact is positive, but no one really knows how positive, nor what an optimal investment might return. Yet the economics of research are of huge interest to the government, the scientific community, industry, taxpayers, and The Scientist's founder, Eugene Garfield. Each year he (through Research!America) gives out a $5,000 thank you to exceptional economists who dare enter the murky waters of research economics. Previous winners include the University of Chicago's Kevin Murphy and Robert Topel, whose work estimated that trillions of dollars are added to the economy from lives saved from recent medical breakthroughs. The window for nominations has been extended until August 15th, and winners will be announced in October. Any economists you think deserve the award? Let us know by commenting on this blog or vote for your favorite economist linkurl:here;http://www.researchamerica.org/ .

Popular Now

  1. UC Berkeley Receives CRISPR Patent in Europe
    Daily News UC Berkeley Receives CRISPR Patent in Europe

    The European Patent Office will grant patent rights over the use of CRISPR in all cell types to a University of California team, contrasting with a recent decision in the U.S.

  2. What Budget Cuts Might Mean for US Science
    News Analysis What Budget Cuts Might Mean for US Science

    A look at the historical effects of downsized research funding suggests that the Trump administration’s proposed budget could hit early-career scientists the hardest.  

  3. Opinion: On “The Impact Factor Fallacy”
  4. Unstructured Proteins Help Tardigrades Survive Desiccation
Business Birmingham