Productivity? Government is a dead weight on the economy

Government Science and the Prestige Economy

Should government fund science? We may believe that the private sector can produce the right levels and types of scientific funding, for normal capitalist reasons. Businesses have incentives to pursue research paths that will be profitable, unlike government, and may carry out their work more competently.The most common argument for state involvement is that there are certain kinds of basic research that the market will underprovide. There can b…

Productivity? Government is a dead weight on the economy

Past performance is the best predictor of future performance, so the business chiefs heading to Anthony Albanese’s Productivity Summit should know they are…