| Abstract: | Increasing the “truth per dollar” of money spent on science is one legitimate long-run goal of the economics of science. But
before this goal can be achieved, we need to increase our knowledge of the successes and failures of past and current reward
structures of science. This essay reviews what economists have learned about the behavior of scientists and the reward structure
of science. One important use of such knowledge will be to help policy-makers create a reward structure that is more efficient
in the future. |
