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=== Basic versus applied research === The programs that are funded are often divided into four basic categories: basic research, applied research, development, and facilities and equipment. Translational research is a newer concept that seeks to bridge the gap between basic science and practical applications. Basic science attempts to stimulate breakthroughs. Breakthroughs often lead to an explosion of new technologies and approaches. Once the basic result is developed, it is widely published; however conversion into a practical product is left for the free market. However, many governments have developed risk-taking research and development organizations to take basic theoretical research over the edge into practical engineering. In the US, this function is performed by DARPA. In contrast, technology development is a policy in which engineering, the application of science, is supported rather than basic science. The emphasis is usually given to projects that increase important strategic or commercial engineering knowledge. One example is the Manhattan Project that developed nuclear weapons. Another example is the "X-vehicle" studies that gave the US a lasting lead in aerospace technologies. These exemplify two disparate approaches: The Manhattan Project was huge, and spent freely on the most risky alternative approaches. The project members believed that failure would result in their enslavement or destruction by Nazi Germany. Each X-project built an aircraft whose only purpose was to develop a particular technology. The plan was to build a few cheap aircraft of each type, fly a test series, often to the destruction of an aircraft, and never design an aircraft for a practical mission. The only mission was technology development. A number of high-profile technology developments have failed. The US Space Shuttle failed to meet its cost or flight schedule goals. Most observers explain the project as over constrained: the cost goals too aggressive, the technology and mission too underpowered and undefined. The Japanese fifth generation computer systems project met every technological goal, but failed to produce commercially important artificial intelligence. Many observers believe that the Japanese tried to force engineering beyond available science by brute investment. Half the amount spent on basic research rather might have produced ten times the result.

=== Utilitarian versus monumental policy === Utilitarian policies prioritize scientific projects that significantly reduce suffering for larger numbers of people. This approach would mainly consider the numbers of people that can be helped by a research policy. Research is more likely to be supported when it costs less and has greater benefits. Utilitarian research often pursues incremental improvements rather than dramatic advancements in knowledge, or break-through solutions, which are more commercially viable. In contrast, monumental science is a policy in which science is supported for the sake of a greater understanding of the universe, rather than for specific short-term practical goals. This designation covers both large projects, often with large facilities, and smaller research that does not have obvious practical applications and are often overlooked. While these projects may not always have obvious practical outcomes, they provide education of future scientists, and advancement of scientific knowledge of lasting worth about the basic building blocks of science. Practical outcomes do result from many of these "monumental" science programs. Sometimes these practical outcomes are foreseeable and sometimes they are not. A classic example of a monumental science program focused towards a practical outcome is the Manhattan Project. An example of a monumental science program that produces unexpected practical outcomes is the laser. Coherent light, the principle behind lasing, was first predicted by Einstein in 1916, but not created until 1954 by Charles H. Townes with the maser. The breakthrough with the maser led to the creation of the laser in 1960 by Theodore Maiman. The delay between the theory of coherent light and the production of the laser was partially due to the assumption that it would be of no practical use.

=== Scholastic conservation === This policy approach prioritizes efficiently teaching all available science to those who can use it, rather than investing in new science. In particular, the goal is not to lose any existing knowledge, and to find new practical ways to apply the available knowledge. The classic examples of this method occurred in the 19th century US land-grant universities, which established a strong tradition of research in practical agricultural and engineering methods. More recently, the Green Revolution prevented mass famine over the last thirty years. The focus is usually on developing a robust curriculum and inexpensive practical methods to meet local needs.

== By country == Most developed countries usually have a specific national body overseeing national science (including technology and innovation) policy. Many developing countries follow the same fashion. Many governments of developed countries provide considerable funds (primarily to universities) for scientific research (in fields such as physics and geology) as well as social science research (in fields such as economics and history). Much of this is not intended to provide concrete results that may be commercialisable, although research in scientific fields may lead to results that have such potential. Most university research is aimed at gaining publication in peer reviewed academic journals. A funding body is an organization that provides research funding in the form of research grants or scholarships. Research councils are funding bodies that are government-funded agencies engaged in the support of research in different disciplines and postgraduate funding. Funding from research councils is typically competitive. As a general rule, more funding is available in science and engineering disciplines than in the arts and social sciences.

=== Australia === In Australia, the two main research councils are the Australian Research Council and the National Health and Medical Research Council.

=== Canada === In Canada, the three main research councils ("Tri-Council") are the Social Sciences and Humanities Research Council (SSHRC) the Natural Sciences and Engineering Research Council (NSERC) and the Canadian Institutes of Health Research (CIHR). Additional research funding agencies include the Canada Foundation for Innovation, Genome Canada, Sustainable Development Technology Canada, Mitacs and several Tri-Council supported Networks of Centres of Excellence.