I suspect the central challenge here is to find alternative mechanisms for selecting what research/researchers to fund. How do grantors know their money is being well-spent? Who makes those decisions? Is there a way to do this that doesn’t just replicate the existing pathologies?
Well let me think out loud a bit… with the caveat that I have zero relevant knowledge (BTW I’ve read the Haming book but don’t remember that exchange or who Bode was)
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Let’s say you have something around $10^8 you want to spend on nontraditional basic research (nontraditional because you understand there’s too much funding for run-of-the-mill science already).
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And you aren’t going to be hiring individual scientists because you don't have the expertise and also you want to spend your time sailing or whatever. Instead you want to create an institution that will do that work for you, that you control but don't have to manage.
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