The Lamentable State of “Science of Science”

Innovation drives growth.  Basic research is a key component of innovation.  In recognition of these facts, the federal government spends ~$40B/year funding basic research.  Private foundations and universities fund another ~$20/B.  Corporations fund ~$16/B.  (Foreshadowing: these are the latest numbers… and are from 2012).

$75B/year, and we basically have no idea how to spend it effectively.Read More »