Abstract
Many free-market conservatives believe there is only a fixed amount of scientific and engineering research that will be conducted, and thus efforts by government to fund more R&D just “crowds out” more efficient private-sector investments. That isn’t true. Both business history and multiple studies show that federal R&D is highly efficient and actually “crowds in” additional private R&D spending.
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Atkinson, R.D., Moschella, D. (2024). Myth 38: Federal R&D Crowds Out Private R&D. In: Technology Fears and Scapegoats. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-52349-6_39
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DOI: https://doi.org/10.1007/978-3-031-52349-6_39
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-52348-9
Online ISBN: 978-3-031-52349-6
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