Matt Ridley Quote
In 2003, the OECD published a paper on ‘sources of growth in OECD countries’ between 1971 and 1998, finding to its explicit surprise that whereas privately funded research and development stimulated economic growth, publicly funded research had no economic impact whatsoever. None. This earthshaking result has never been challenged or debunked. Yet it is so inconvenient to the argument that science needs public funding that it is ignored.
Matt Ridley
In 2003, the OECD published a paper on ‘sources of growth in OECD countries’ between 1971 and 1998, finding to its explicit surprise that whereas privately funded research and development stimulated economic growth, publicly funded research had no economic impact whatsoever. None. This earthshaking result has never been challenged or debunked. Yet it is so inconvenient to the argument that science needs public funding that it is ignored.
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About Matt Ridley
Ridley is a libertarian, and a staunch supporter of Brexit. He inherited the viscountcy in February 2012 and was a Conservative hereditary peer from February 2013, with an elected seat in the House of Lords, until his retirement in December 2021.