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Science Bought and Sold

Essays in the Economics of Science

"A serious reconsideration of the ’economics of science’ is long overdue," say Philip Mirowski and Esther-Mirjam Sent in the introduction to Science Bought and Sold. Indeed, it is only recently that one could speak of a field of economics of science at all. Although it has long been accepted that economics can provide useful tools with which to understand science, economics has only lately shifted its focus to the economic agent as information processor, making it more broadly applicable to science.
Bringing together central themes in this emerging discipline, the editors have assembled important articles that provide a wider context and background against which the economics of science can be evaluated. Roughly one-third of the essays presented here are original papers, and the rest are critical articles previously published in the field. From essays examining economic welfare to the idea of scientists as agents to the digital aspects of higher education,Science Bought and Sold presents a comprehensive overview of the new directions of this expanding area.

Kenneth J. Arrow
Mario Biagioli
William A. Brock
Michel Callon
Partha Dasgupta
Paul A. David
Steven N. Durlauf
Paul Forman
Steve Fuller
D. Wade Hands
Shaun P. Hargreaves Heap
Philip Kitcher
Sharon G. Levin
Richard R. Nelson
David F. Noble
Michael Polanyi
Gary Rhoades
Charles Sanders Peirce
Sheila Slaughter
Paula E. Stephan
Stephen Turner
James R. Wible
John Ziman

580 pages | 13 line drawings, 11 tables | 6 x 9 | © 2001

Economics and Business: Economics--General Theory and Principles

Table of Contents

Introduction: Philip Mirowski and Esther-Mirjam Sent
Part I: Science at the Turn of the Millennium
1. The Emergence of a Competitiveness Research and Development Policy Coalition and the Commercialization of Academic Science and Technology (1996), Sheila Slaughter and Gary Rhoades
2. Recent Science: Late-Modern and Postmodern (1997), Paul Forman
Part II: Science Conceived as a Production Process
3. The Simple Economics of Basic Scientific Research (1959), Richard R. Nelson
4. Economic Welfare and the Allocation of Resources for Invention (1962), Kenneth J. Arrow
Part III: Science Conceived as a Problem of Information Processing
5. Note on the Theory of the Economy of Research (1879), Charles Sanders Peirce
6. Charles Sanders Peirce’s Economy of Research (1994), James R. Wible
7. Toward a New Economics of Science (1994), Partha Dasgupta and Paul A. David
8. The Organization of Cognitive Labor (1993), Philip Kitcher
Part IV: Science Conceived as an Economic Network of Limited Agents
9. From Science as an Economic Activity to Socioeconomics of Scientific Research: The Dynamics of Emergent and Consolidated Techno-economic Networks, Michel Callon
10. The Microeconomics of Academic Science, John Ziman
11. A Formal Model of Theory Choice in Science (1999), William A. Brock and Steven N. Durlauf
12. Scientists as Agents, Stephen Turner
Part V: Contours of the Globalized Privatization Regime
13. Making British Universities Accountable: In the Public Interest? Shaun P. Hargreaves Heap
14. The Importance of Implicit Contracts in Collaborative Scientific Research, Paula E. Stephan and Sharon G. Levin
15. Digital Diploma Mills: The Automation of Higher Education (1998), David F. Noble
16. The Road Not Taken: Revisiting the Original New Deal (2000), Steve Fuller
Part VI: The Future of Scientific "Credit"
17. The Republic of Science: Its Political and Economic Theory from Knowing and Being (1969), Michael Polanyi
18. The Instability of Authorship: Credit and Responsibility in Contemporary Biomedicine (1998), Mario Biagioli
19. The Sociology of Scientific Knowledge: Some Thoughts on the Possibilities (1994), D. Wade Hands
List of Contributors

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