Robert M. Rosenzweig, former president, Association of American Universities
Drawing on their analysis, the authors highlight some of the principal dimensions of policy choice on which the debate has focused, as well as some that have been relatively neglected. Building upon their conclusion that student aid works, they propose reforms that would bolster the role of income-tested aid in the overall student financing picture. McPherson and Schapiro recommend a number of incremental reforms that could improve the effectiveness of existing federal aid programs and present a proposal to replace a substantial fraction of state-operating subsidies to colleges and universities with expanded federal aid.
Now in its third edition, this fully updated classic from James D. Gwartney, Richard L. Stroup, Dwight R. Lee, and Tawni H. Ferrarini reflects on the recession and the progress that's been made since the crash; it offers insight into political processes and the many ways in which economics informs policy, illuminating our world and what might be done to make it better.
Science Funding is distinguished by its comprehensive approach to the structural and historical background of the current situation. It examines the history of science funding from the early twentieth century through present, public vs. to taxpayers, instances of fraud, and the effects of government funding for research in universities.
Martino's survey demonstrates conclusively that government has been inefficient in its funding capacity and that the shortcomings are inherent: political criteria for the support of science, congressional micromanagement, freezing out of innovative ideas, and the favoring of massive projects-Big Science-over small, but significant experimental programs. In his concluding chapter Martino provides an agenda for new thinking on the funding of science. He proposes alternatives that suggest a plurality of approaches is preferable to the current monolithic model, and shows how industrial support, philanthropy, and contributions from the public can be made more effective. Science Funding is a major work on the interaction of science, politics, and society. It will be of interest to sociologists, policymakers, and political scientist, and the research science community.
The first part of the book analyzes economic trends to show how they are affected by technological change and the evolving nature of foreign competition. R&D spending patterns are studied to identify and characterize market failures that prevent adequate private-sector investments in technology. A model is presented for a typical technology-based industry. The second part looks at specific technologies and policies that impact R&D investment and that have been the subject of intense policy debate.