The Economic Laws of Scientific Research

Challenging conventional wisdom, this book critically examines the impact of government funding on scientific advancement and economic growth. Through historical analysis and international comparisons, Terence Kealey argues that state-sponsored science does not necessarily lead to prosperity, citing examples like Japan's economic success despite minimal government investment in science. Instead, he advocates for a free market approach as the more effective catalyst for innovation and scientific progress, prompting readers to reconsider widely held beliefs about science funding.