Philosophy & Technology

, Volume 27, Issue 4, pp 503–518

Science Bubbles

Authors

  • David Budtz Pedersen
    • Humanomics Research ProgrammeUniversity of Aarhus
    • Department of Media, Cognition and Communication/Section for PhilosophyUniversity of Copenhagen
Research Article

DOI: 10.1007/s13347-013-0142-7

Cite this article as:
Pedersen, D.B. & Hendricks, V.F. Philos. Technol. (2014) 27: 503. doi:10.1007/s13347-013-0142-7

Abstract

Much like the trade and traits of bubbles in financial markets, similar bubbles appear on the science market. When economic bubbles burst, the drop in prices causes the crash of unsustainable investments leading to an investor confidence crisis possibly followed by a financial panic. But when bubbles appear in science, truth and reliability are the first victims. This paper explores how fashions in research funding and research management may turn science into something like a bubble economy.

Keywords

BubblesFinanceScienceSocial psychologyInformational phenomenaResearch managementOptimization games

Copyright information

© Springer Science+Business Media Dordrecht 2013