Quotation of the Day…

(Don Boudreaux)

Tweet

… is from page 412 of Amar Bhidé’s excellent 2008 book, The Venturesome Economy:

[I]ncreasing subsidies for scientific education and research will not serve up a free lunch. Constituencies that benefited from the Sputnik scare are happy to advertise what they achieved with the resources they secured, but a proper accounting must also include opportunity costs; in the view of some observers, these have exceeded the benefits.