The Price of Forgoing Basic Research

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The Price of Forgoing Basic Research

By | October 2012
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In the article ‘‘The Price of Forgoing Basic Research‘‘, Bill Buxton analyses the change in place of basic research over the years. In today’s industrial world research plays an important role in all aspects of our life. Research is a diligen and systematic investigation into a subject in order to discover or revise facts, theories or applications. Two of the important forms of research are basic and applied research. Applied research is designed to solve practical problems of the modern world. Basic research is trying to solve more scientific questions. It is driven by a scientist’s curiosity. The main motivation is to expand man’s knowledge and there is no obvious commercial value to the discoveries that result from basic research. That’s why basic research has an important place in society’s life. On the contrary applied research has a significant role for companies rather than Curiosity-driven, because the investment return is reliable. Companies expect to gain profit by investing. They do not want to take a big risk, to fund in something, that does not guarantee any desired results. But there is something important that companies should not to skip. The fact that in the long-run pure research lays down the foundation for applied science that follow. A good example is the work of CERN, LBL’s Human Genome Center, Roquette Corporate, ect. Another reason for less investment in basic reasearch might be the fact that the most companies are not that flexible and they are not able to intigrate the new process or product in their system. On the other hand research has an important place in university‘s life as well. Universities are engaged in extensive research activity for a long time. But nowdays even they have problem with funding. The reduce in budget forces university’s research to be more commercial rather than education. Commercial orientation of institutions will have a negative impact on society in the near future.The government should stop this before it’s...

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