Incentivizing The Market To Do More Science

The free market doesn’t provide much incentive for companies to pursue not-soon-to-be-commercializable science. In academia, many of the benefits of market forces are lost – such as Darwinian competition for best practices and the ability of start-ups to “disrupt” the establishment. A third strategy would be for governments to create large prizes for scientific advancements, spurring companies to pursue scientific research.

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