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Science As a Market Process

Walstad, Allan (2002) Science As a Market Process. [Preprint]

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    Abstract: Scientific inquiry is amenable to economic interpretation and analysis because scientists, like other people, pursue their individual goals through purposeful action. They make choices on the basis of costs, benefits, and risks as they perceive them. Their interaction with other scientists involves both cooperation and competition in a market that bears many similarities to the traditional economic market. The Austrian school of economics offers a particularly apt basis for an economic perspective on scientific inquiry. Economic concepts remain highly underutilized and ripe for exploitation.

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    Item Type: Preprint
    Keywords: economic market social
    Subjects: General Issues > Science and Society
    General Issues > Models and Idealization
    Specific Sciences > Economics
    General Issues > Values In Science
    General Issues > Science Policy
    Depositing User: Allan Walstad
    Date Deposited: 02 Nov 2007
    Last Modified: 07 Oct 2010 11:15
    Item ID: 3638

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