Research Article

Philosophy & Technology

, Volume 27, Issue 4, pp 503-518

First online:

Science Bubbles

  • David Budtz PedersenAffiliated withHumanomics Research Programme, University of Aarhus
  • , Vincent F. HendricksAffiliated withDepartment of Media, Cognition and Communication/Section for Philosophy, University of Copenhagen Email author 

Rent the article at a discount

Rent now

* Final gross prices may vary according to local VAT.

Get Access


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.


Bubbles Finance Science Social psychology Informational phenomena Research management Optimization games