ABSTRACT
This chapter talks about the way in which the science done in universities interacts with the economy. The range of science is very great and some parts, because of particular professional associations, have very special features. It is the industrial applications in science in universities that seem always to be in question when university science is discussed. The economies of industrialized societies depend on the scientific understanding of the natural world, upon a goodly number of highly trained and educated scientists, engineers, and administrators, and upon the continual development of new applications of scientific knowledge. The universities' contributions are principally to education in the sciences, but historically they have contributed more extensively and at the deepest levels, as well as developing some applications in lesser ways. A solution to the cost of research may be sought in pooling resources between groups of universities, not just in this country but within Europe and internationally.
