15.5. RETHINKING INVESTMENT IN BASIC RESEARCH
The debate about benefits from investment in basic research and how such activities should be managed is likely to continue. Some of the general comments and differing views are summarized as following:
Basic research is a source of fundamental knowledge, leading to innovation, technology development, and economic growth. Basic research is best conducted primarily in universities without political constraints or application-oriented management. Overemphasis on application orientation would be an unmitigated disaster. The contrary view is that all basic research should be tied to application and so managed.
One view is that individual-investigator-initiated research is the only way to produce new ideas. ...
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