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dc.contributor.editorBeck, Hans Peter
dc.contributor.editorCharitos, Panagiotis
dc.description.abstractThe essays in this open access volume identify the key ingredients for success in capitalizing on public investments in scientific projects and the development of large-scale research infrastructures. Investment in science – whether in education and training or through public funding for developing new research tools and technologies – is a crucial priority. Authors from big research laboratories/organizations, funding agencies and academia discuss how investing in science can produce societal benefits as well as identifying future challenges for scientists and policy makers. The volume cites different ways to assess the socio-economic impact of Research Infrastructures and their role as hubs of global collaboration, creativity and innovation. It highlights the different benefits stemming from fundamental research at the local, national and global level, while also inviting us to rethink the notion of “benefit” in the 21st century. Public investment is required to maintain the pace of technological and scientific advancements over the next decades. Far from advocating a radical transformation and massive expansion in funding, the authors suggest ways for maintaining a strong foundation of science and research to ensure that we continue to benefit from the outputs. The volume draws inspiration from the first “Economics of Big Science” workshop, held in Brussels in 2019 with the aim of creating a new space for dialogue and interaction between representatives of Big Science organizations, policy makers and academia. It aspires to provide useful reading for policy makers, scientists and students of science, who are increasingly called upon to explain the value of fundamental research and adopt the language and logic of economics when engaging in policy discussions.
dc.relation.ispartofseriesScience Policy Reports
dc.rightsopen access
dc.subject.classificationthema EDItEUR::P Mathematics and Science::PH Physics::PHP Particle and high-energy physicsen_US
dc.subject.classificationthema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJM Management and management techniques::KJMV Management of specific areas::KJMV6 Research and development managementen_US
dc.subject.classificationthema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TT Other technologies and applied sciences::TTD Space science::TTDS Astronauticsen_US
dc.subject.classificationthema EDItEUR::U Computing and Information Technology::UN Databasesen_US
dc.subject.classificationthema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securitiesen_US
dc.subject.otherParticle and Nuclear Physics
dc.subject.otherR & D/Technology Policy
dc.subject.otherSpace Sciences (including Extraterrestrial Physics, Space Exploration and Astronautics)
dc.subject.otherBig Data
dc.subject.otherInvestment Appraisal
dc.subject.otherNuclear and Particle Physics
dc.subject.otherSpace Physics
dc.subject.otherInvesting in fundamental science
dc.subject.otherSocietal benefits / value of science
dc.subject.otherMeasuring socio-economic impact of science
dc.subject.otherBenefits from fundamental research
dc.subject.otherBig science projects finance/costs
dc.subject.otherCost of large-scale scientific projects
dc.subject.otherSocietal value of fundamental science
dc.subject.otherOpen Access
dc.subject.otherParticle & high-energy physics
dc.subject.otherResearch & development management
dc.subject.otherInvestment & securities
dc.titleThe Economics of Big Science
dc.title.alternativeEssays by Leading Scientists and Policymakers
oapen.imprintSpringer International Publishing

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Except where otherwise noted, this item's license is described as open access