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On Economic Benefit Analyses for Research Funding

Details
04 March 2010

Regarding the UK government research policy:

It is worrying to see the stance of the UK government on this important issue, however they might protest that no-one will be disadvantaged. All of academic research cannot, to fulfil its full functional potential, be made to oblige under typically short-sighted or simply ill-defined socio-economic cost-benefit analyses. A crucial part of academic research is that of re-imagining the frameworks within which society operates. If reduced to a set of cogs in the already-existing machine, the crucial function of creating new machines (or whichever analogy may appeal to the reader) will be significantly hampered.

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