With Tax Credits Author: Dudley G. Moon and John W. Fenton II
Why is this happening? The stock answer to this question is that there are insufficient governmental funds to support science. Although adequate funding is essential, we believe that the assumption that all of our problems stem from too little government or federal funding is flawed. We believe that the root cause of our current problems is the lack of true economic growth in both American scientific research and industrial productivity and that both must be revitalized.
Following World War II, an increasing proportion of basic scientific research was funded by the public sector, especially in areas such as biomedical research. Large federal agencies with seemingly inexhaustible budgets-such as the National Institutes of Health, the National Science Foundation, the Department of Energy (DOE), and the Armed Services-became the major source of funds for much of American basic science. Although ...
