Money & Science

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Today’s Extending Wednesdays topic comes from the Economics section of Ideas Roadshow’s Extended Essay Guide, and features renowned scientist and author Freeman Dyson, Institute for Advanced Study, reflecting on how underlying economic motivations often drive scientific inquiry. 

(Excerpt from the video clip called Too Much String featuring Professor Freeman Dyson)

The fact that science, like any other human activity, is subjected to large-scale economic influences is hardly surprising when one stops to think about it, but often scientific activity is treated as somehow “beyond” standard economic frameworks with incentive structures considered to be based solely on internal scientific criteria or a more abstract, idealistic evaluation of “research interest”.

But Professor Dyson’s comments shed light on several important factors directly correlated with the economics of scientific research, ranging from a waste of human capital on a large-scale sociological level to an increased sense of personal and professional frustration on a personal one. 

This topic bridges Economics, Social and Cultural Anthropology, Geography and Environmental Systems and Societies.  Possible areas of investigation for an extended essay include analytical studies of the influence of economic factors on specific avenues of scientific research and the associated complexities of objectively quantifying innovation and productivity in the context of scientific research.

Related resources that are part of Ideas Roadshow’s IBDP Portal include the clips Too Much String, and Suddenly Fashionable, as well as the hour-long videos and accompanying enhanced eBooks Pushing The Boundaries and The Problems of Physics which include a wealth of additional research materials.


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