I'm shocked there has been no mention of The Economic Laws of Scientific Research. Terence Kealey makes a compelling argument that government funding more than crowds out private funding for Science.
I.e., we are worse off in terms of absolute contributions to Science because 'everyone' expects government to fund it - especially basic research surely has no profit motive so only public funding can possibly work. Completely wrong historically.
I.e., we are worse off in terms of absolute contributions to Science because 'everyone' expects government to fund it - especially basic research surely has no profit motive so only public funding can possibly work. Completely wrong historically.