As I found in my reporting of a July feature called "Is science a good bet," 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,... Click to continue