The Myth of Science as a Public Good

Vice Chancellor of the University of Buckingham (Britain's only independent university), Terence Kealey is a vocal critic of government funding of science. His first book, 'The Economic Laws of Scientific Research,' argues that state funding of science is neither necessary nor beneficial, a thesis that he developed in his recently published analysis of the causes scientific progress, 'Sex, Science and Profits.' In it, he makes the stronger claim that not only is government funding not beneficial, but in fact measurably obstructs scientific progress, whilst presenting an alternative, methodologically-individualist understanding of 'invisible colleges' within which science resembles a private, not a public, good.


Recorded at Christ Church, University of Oxford.

Terence Kealey - 'The Myth of Science as a Public Good' from Oxford Hayek Society on Vimeo.