ABSTRACT
Science is difficult and costly to do well. This study systematically creates an economics of science. Many aspects of science are explored from an economic point of view. The scientist is treated as an economically rational individual. This book begins with economic models of misconduct in science and the legitimate, normal practices of science, moving on to market failure, the market place of ideas, self-correctiveness, and the organizational and institutional structures of science. An exploration of broader methodological themes raised by an economics of science ends the work.
TABLE OF CONTENTS
chapter 6|19 pages
MARKET FAILURE IN THE MARKETPLACE OF IDEAS
The caseso f Karl Popper and the economics profession
chapter |25 pages
SELF-CORRECTIVE SCIENCE IN THE CONTEXT OF MARKET FAILURE
The marketplace of ideas is not really a market