Early RAND was exceptional in nurturing young talent for the purpose of serving military-related objectives, but this doesnt prove the benefits to society exceeded the costs. In the case of RAND, the costs include the distortionary effects its work had on academic disciplines, and the opportunity cost of diverting human and physical capital away from other, possibly more productive endeavors.
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|Other Independent Review articles by Michael C. Munger|
|Winter 2018||On the Origins and Goals of Public Choice: Constitutional Conspiracy?|
|Winter 2018||The Political Economy of Special Economic Zones: Concentrating Economic Development|
|Winter 2018||DC Confidential: Inside the Five Tricks of Washington|
|[View All (29)]|