Originally posted by Kuciwalker
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1. It is a public good, so should be funding by the government.
2. The money is spent where the experts think it should go, instead of non-experts.
3. Humans are inquisitive, and want to understand how the universe works. It is why I went into physics. Robotics or AI does nothing for that part of me, and doesn't do anything for that part of others too.
4. The experts consider, when picking projects to fund, what applications/public education can achieve.
5. Many things that are 'side products' of fundamental research, like military research, would never be developed without basic research. There was no reason but basic reason to learn how to build accelerators, but once we had them, we could do things like proton therapy and create better/different types of radiation sources which could be used in medical treatments. There are many examples like this (the WWW is not a good example, because other fields would want to develop it at some point). The claim that it would be more efficient just to chase after these things and not do basic research is crazy, because we don't know what things that basic research would lead us to create that will advance other fields.
Companies are very short range looking, because bonuses depend on a quarter or a year and not on what the firm is doing in 20 years.
You might argue that government funding is crowding out private funding, but this is not the case http://cba.unomaha.edu/faculty/adiam...Fs/CrowdIn.pdf . Really, the funding of basic research is something that companies want to have happen, but that they don't want to do themselves because it is a public good.
I haven't found a well argued link for it yet, but I think that Universities produce healthier applied researchers (/engineers/etc) when they engage in basic research.
Another article:
The two most useful things that come out of public research are: skilled graduates and instrumentation development. These things hold just as strongly for basic research as applied research.
"Rosenberg 1992 argues that such instrumentation would generally not have been developed without government funding allowing researchers to probe fundamental questions."
This paper considers the actual knowledge obtained as just one (and not the most important) of the useful consequences of research.
JM
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