This afternoon, I received an e-mail from the American Physical
Society (APS) alerting me to some troubling events in Congress. The APS
is concerned about a large number of budget cuts in the Federal
government which are likely to negatively affect scientific research and has created a petition in protest. In
the United States, scientific research is often funded, in part or
full, by the Federal government. Corporations are unlikely to take the
sorts of risks involved with certain kinds of R&D; nonetheless, this
kind of research is beneficial to all of us.
The Federal funding of scientific research is largely motivated the same way that government maintenance of public parks and roads is motivated. As in the Tragedy of the Commons, single individuals cannot be expected to be motivated to maintain parks or roads even though it would be directly beneficial to all of us; corporations performing simple cost benefit analysis will often quickly find that it is cheaper for them to simply dump trash in the park, as opposed to cleaning it. Similarly, the kinds of pure scientific research that delivers insights into how the world works -- which historically have given us the computer, the atomic bomb, the Internet, transistors, radio technology, and so on -- are often very poor investments for corporations. Federal funding of scientific research, often performed at university laboratories, is crucial for our country's continued advancement.