The Hidden Benefits of Large Science Projects

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bystander
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The Hidden Benefits of Large Science Projects

Post by bystander » Wed Jun 21, 2023 4:48 pm

The Hidden Benefits of Large Science Projects
Universe Today | Paul M. Sutter | 2023 Jun 16
Large astronomical projects like the Dark Energy Survey and the James Webb Space Telescope provide innumerable benefits to society, like technological spin-offs, national prestige, and a way to satisfy our common human curiosity.

How are we supposed to judge the value of large scientific projects? With traditional projects the cost-benefit analysis is rather straightforward. We sink in a bunch of time and money into a project, and we judge the success of those projects based on how much money they make or how many benefits they provide to society.

But by their very nature large scientific projects don’t return any money on the investment. And they don’t have any immediate impact on society. So are they really worth it?

In a recent paper an Oxford economist argues that yes, large scientific projects are worth it. But we have to be very careful about how we measure that worth. ...

Put simply, science is good for us.

The Social Value of Dark Energy ~ Avner Offer
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alive to the gentle breeze of communication, and please stop being such a jerk.
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H Ilyas
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Re: The Hidden Benefits of Large Science Projects

Post by H Ilyas » Thu Jul 13, 2023 7:04 pm

bystander wrote: Wed Jun 21, 2023 4:48 pm The Hidden Benefits of Large Science Projects
Universe Today | Paul M. Sutter | 2023 Jun 16
Large astronomical projects like the Dark Energy Survey and the James Webb Space Telescope provide innumerable benefits to society, like technological spin-offs, national prestige, and a way to satisfy our common human curiosity.

How are we supposed to judge the value of large scientific projects? With traditional projects the cost-benefit analysis is rather straightforward. We sink in a bunch of time and money into a project, and we judge the success of those projects based on how much money they make or how many benefits they provide to society.

But by their very nature large scientific projects don’t return any money on the investment. And they don’t have any immediate impact on society. So are they really worth it?

In a recent paper an Oxford economist argues that yes, large scientific projects are worth it. But we have to be very careful about how we measure that worth. ...

Put simply, science is good for us.

The Social Value of Dark Energy ~ Avner Offer
Insightful article. My observation is: Anything that benefits mankind and furthers the advancement of knowledge, cannot be measured by a meager meal or paycheck. It has to be measured in generations.

saturno2
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Re: The Hidden Benefits of Large Science Projects

Post by saturno2 » Mon Jul 17, 2023 12:44 am

Yes. The great scientific projects are worth It
The value is in the avance of the knowledge
It is an avance of the humanity