Wednesday, February 04, 2009
Buxton and basic research
Bill Buxton writes in a recent issue of BusinessWeek about "The Price of Forgoing Basic Research". His major argument is that return on investment is actually higher on basic research than on applied research, "the return on investment goes down as the R&D budget shifts from basic to applied research". He finishes with writing "..academics should get back to long-term work". Interesting ideas.....I agree..