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Public Goods, Public Gains - Calculating the Social Benefits of Public R&D (Hardcover, New)
Loot Price: R1,597
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Public Goods, Public Gains - Calculating the Social Benefits of Public R&D (Hardcover, New)
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In Public Goods, Public Gains, Link and Scott discuss the
systematic application of alternative evaluation methods to
estimate the social benefits of publicly financed research and
development (R&D). The authors argue that economic theory
should be the guiding criterion for any method of program
evaluation because it focuses attention on the value and the
opportunity costs of the program. The evaluation methods discussed
and illustrated are both economics and, for comparison,
non-economics based.
The book is motivated by four foundation chapters that discuss
government's role in innovation from the perspective of economic
theory, review public accountability issues from both a
constitutional and an historical perspective, overview systematic
approaches to program evaluation, and describe the evaluation
metrics typically used. Four case studies illustrate the four
alternative evaluation approaches discussed. These case studies are
for the U.S. Advanced Technology Program's intramural research
awards program, the U.S. National Institute of Standards and
Technology's research on wavelength references for optical fiber
communications, the U.S. Malcolm Baldrige National Quality Award,
and the Advanced Technology Program's focused program on the
integration of manufacturing applications.
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