Why?
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Replying to @hallucinexed @eigenrobot
𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 Retweeted JJ Andrade 🔰 🍄
𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 added,
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you cant just point at things and say "externality" and dust your hands i mean you can but well do what you want
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Replying to @eigenrobot @hallucinexed
i'm sure there's a way for a university to theoretically capture all the societal benefit generated by basic research but that sounds really dystopian
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are you familiar with university patent practices
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Replying to @eigenrobot @hallucinexed
depending on the university. but how you gonna patent a history book or a population genetic model?
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copyright in the former case and patent in the second copyright lasts forever now. even better.
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wait a minute you were just complaining that the problem was that research was being underproduced because the value was not captured by the producers! this is what you asked for!!
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yeah but underproduction can also be solved by subsidy right
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it is true that we have both now and the subsidies seem unnecessary since they can already capture the full value you have convinced me that we should abolish NSF and NIH
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idk do they capture the full value of it? i guess the arg for it being bad is that wages being at this level means ppl are less likely to choose academia and the long-run effect of that is that we underproduce knowledge
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Replying to @manforoneseason @eigenrobot and
altho i suspect you are skeptical of the idea that they produce valuable knowledge
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