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.
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