Early RAND was exceptional in nurturing young talent for the purpose of serving military-related objectives, but this doesn’t 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.
Overlooked Costs of War-Related Public Research
A Comment on “Early RAND as a Talent Incubator by Nicholas Rescher
By Brittany L. Bills, Christopher J. Coyne
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article
appeared in
the Winter 2017/18 issue of The Independent Review.
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