How economics shapes science
by Paula E. Stephan · first published 2012
4mentions
2recommended by
2HN commenters
2013–2019first – last mentioned
100% recommend
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
This is a trend that stretches well back 50 years, some say to the establishment of the postwar DoD funding system. I recommend Paula Stephan's How Economics Shapes Science[1] for a comprehensive view of both the underpaid and increasing budget trends you mention. (The bottom line is that the money goes to administration costs as mentioned, leading institutions to expand…
on “The Big Data Brain Drain: Why Science is in Trouble” ↗I'd recommend the following book: How Economics Shapes Science https://www.amazon.com/Economics-Shapes-Science-Paula-Stepha... It looks into key challenges of the scientific labor market.
on “How Life Sciences Actually Work” ↗A great point -- in "How Economics Shapes Science," science economist Paula Stephan talks about this problem repeatedly. One of the unforeseen problems in the peer review space is that older professors retire later and later in life compared to previous…
on ““I Quit Academia,” an Important, Growing Subgenre of American Essays” ↗>This is nothing new. Thank you for bringing up this point (and speaking to it personally from 20+ years ago!). I have been beating this drum for years since I've read Paula Stephan's research[1] on "How Economics Shapes Science." The overproduction of PhDs, the delaying of retirement by professors, and the addition of institutions to grant funding have been known since the 1980s, and the trend has been linear since then. [1]…
on “A Career in Science Will Cost You Your Firstborn” ↗