Abstract
From a policy perspective, the “S” portion of Science and Technology (S&T) is relatively easy to deal with. Basic science is widely recognized as close to a pure public good, which means that massive under investment occurs without government support. This premise has been understood and incorporated into policy since the end of World War II.
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Tassey, G. (2001). R&D Policy Models and Data Needs. In: Feldman, M.P., Link, A.N. (eds) Innovation Policy in the Knowledge-Based Economy. Economics of Science, Technology and Innovation, vol 23. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1689-7_3
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DOI: https://doi.org/10.1007/978-1-4615-1689-7_3
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