Liam's Reviews > How Economics Shapes Science

How Economics Shapes Science by Paula Stephan
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's review
Apr 28, 2012

it was amazing
Read in April, 2012

"Scientists are motivated to do science by an interest in puzzles and by the recognition awarded success -- the ribbon. But it is not all about puzzles and riboon; gold is also involved." (34)

"The United States' reliance on staffing labs with postdocs and graduate students has contributed to itse eminence as a training center for foreign-born students." (70)

"Industry has the financial resources to stay on the cutting edge; the public sector increasingly does not. As one scientisit wrote, 'I have worked in some of the best-funded [academic] laboratories in the world, and even these laboratories do not have access to fancy next-generation machines in a way that large biopharmaceutical companies do. I strongly believe that this is changing the nature of the public/private divide and the extent to which academic science manages to stay at the technological frontier." (108)

"Most of the assertions [of shortages of scientists] come from four groups: universities and professional associations, government agencies, firms that hire scientists and engineers, and immigration lawyers. All have a considerable amount to gain by an increase in supply." (165)

"Universities and public research institutes are not organized or governed to excel in bringing new products and processes to market. Firms are." (209)

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