The Myth of Science as a Public Good (by Terence Kealey): part 1

Terence Kealey gives a talk on why science is not a public good, and why it is be better off done in the private sector.

Contents

Part 1 - Kealey points out that there is no empirical evidence for government funding of reaserch having a positive effect on economic growth.

part 2 - Why science is not a public good and that examples used to defend public spending such as the internet are purely anecdotal.

Part 3 - Kealey talks about the practical nature of science. With reference to public goods and economics. Ends inital talk.

Part 4 - Part of the question and answer section. Spesifically answers the question whether pure science like number theory will be provided by the market.

Category:

Education

Tags:

• Myth
• of
• science
• as
• public
• good
• Tim
• Berners-Lee
• Terence
• Kealey
• government
• Post-neoclassical
• Endogenous
• Growth
• Theory
• university
• funding
• crowding
• out
• economic
• growth
• private
• sector
• Research
• and
• development
• R&D
• Margaret
• Thatcher
• Libertarianism
• libertarian
• society
• oxford
• CERN

[NecxZhor9]

lol this guy puts forth ground up arguments that science is not a public good and the best you youtube users do is nit-pick on small points and use it as basis for disregarding the entire point of what he is saying

[buzwazfuz]

@its6x9 noble prizes don't mean anything, Al Gore and Obama even got one.

[DINDRAGON]

zomg! a liberal-commie conspiracy!... AGAIN!

[InfernalApocalypse]

@buzwazfuz: For Peace. Not for science. The Science prizes most definitely still mean something.

[its6x9]

@buzwazfuz the nobile prises example was rased in the video, not by me, i just set the facts straight.

[buzwazfuz]

I can't stand this guys blabbing and trying to sell his book

[its6x9]

You discard anecdotal evidence and follow it by a story about Margaret Thatcher,

at least get the facts straight:

asuming conversation took place in 85 as you don't specify a date:

USSR Nobels :39

UK Nobels:90

China Nobels : 2

India Nobels : 3

May be we are better of having more Nobiles.

I understand why you don't get any public funding though ....

[LazersFromJimmy]

satellites are pretty awesome, no?

[4Colours]

What garbage.

[habbadou]

I think the largest reason is that research is greatly limited without large amounts of dollars, and that is easiest acquired by public funding.