EconPapers    
Economics at your fingertips  
 

The Economics of Science

Paula Stephan

Journal of Economic Literature, 1996, vol. 34, issue 3, 1199-1235

Abstract: This essay examines in an interdisciplinary context the contributions that economists have made to the study of science and the types of contributions the profession is positioned to make in the future. Special emphasis is placed on the public nature of knowledge and characteristics of the reward structure that encourage the production and sharing of knowledge. Scientific labor markets are discussed as are life-cycle models. The role that resources play in discovery leads to the conclusion that the human capital model is not up to the task of explaining the career patterns that emerge in science. The essay also discusses the relationship of scientific research to economic growth.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (550)

Downloads: (external link)
http://www.e-jel.org/archive/sept1996/Stephan.pdf (application/pdf)
Access to full text is restricted to AEA members.

Related works:
Chapter: The Economics of Science (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:jeclit:v:34:y:1996:i:3:p:1199-1235

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

Journal of Economic Literature is currently edited by Steven Durlauf

More articles in Journal of Economic Literature from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2025-03-31
Handle: RePEc:aea:jeclit:v:34:y:1996:i:3:p:1199-1235