chapter  3
18 Pages

Science, Economic Growth, and Public Policy

Major long-term policy changes often flow from decisions made in times of stress. Thus, choices about how to fight World War I1 ultimately led to the large-scale sustained support of university research by the federal government that has lasted over the half-century since World War 11. The economic threat we face today is less acute than the security threat we faced then. Nevertheless, this threat may lead to a fundamental realignment of science and technology policy and a major change in the economic role of the university.