Ep. 533 Pushing Back Against Neil deGrasse Tyson on Science Funding
Adam Haman returns to help Bob dissect Neil deGrasse Tyson’s recent complaints about the lack of government funding for science.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Neil deGrasse Tyson laments science funding.
- The Bell Labs paper that laid out the Kelly criterion. Kealey’s case against public funding of science. The myth of basic science.
- Bundt & Murphy test Mandelbrot’s hypothesis for residual economic variables.
- This episode’s sponsor, The Scott Horton Academy.
- The HamanNature substack.
- Help support the Bob Murphy Show.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
You could have cut this whole episode down to two words: “Jason Arday”.
That said … Adam’s comment hit the spot when he said that if there’s no way to know where the next breakthrough will come from, then why get upset when government gets less money and private enterprise picks up the difference? I mean, the guy running the corner bodega might be the next Einstein, right?
I was following an Elon Musk vs Warren Buffett argument (slightly off topic) and it’s an interesting question over who has contributed more. Both made money, but only Musk has actually delivered products. Of course a vibrant free market probably needs both types of people.