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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
Walstad, Allan
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 15:15
Item ID: 3638

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