Thread: The Free Market
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Old 11-01-2007, 07:34 AM   #38 (permalink)
dc_dux
 
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Quote:
Originally Posted by Ustwo
It would be quaint, but I never said that. Normally its some guy in a lab, trying to do one thing and seeing something else and saying 'what the hell is that?'

Well I can't say if its most or not, trying to quantify breakthroughs is a bit hard.

You recall this thread was about trusting the free market, and here obviously we needed the market in order to do anything with various breakthroughs. Coming up with the idea is the first half, making it practical, affordable, and usable is the second half.
I agree its hard to quantify the extent of the impact of federally funded research in university settings, but we both know such research takes place in universities across the country.

We absolutely need private entrepreneurs and even venture capitalists to do anything with those breakthroughs resulting from federally funded research......thus the three-way partnership.

I'm trying to understand how that fits into a model of a true free market..free of government interference or involvement....when its government funded research that created the breakthrough and the government's giving the patent rights to the guy in the university lab to pursue private development.

The problem with trusting the free market is also noted in the article:
Quote:
Manufacturers who fund academic research have sometimes retained the right to veto publication of a university scientist's results....
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Last edited by dc_dux; 11-01-2007 at 07:56 AM..
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