What is ECONOMICS OF SCIENCE? What does ECONOMICS OF SCIENCE mean? ECONOMICS OF SCIENCE meaning - ECONOMICS OF SCIENCE definition - ECONOMICS OF SCIENCE explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ
The economics as science aims to understand the impact of science on the advance of technology, to explain the behavior of scientists, and to understand the efficiency or inefficiency of scientific institutions.
The importance of the economics as science is substantially due to the importance of science as a driver of technology and technology as a driver of productivity and growth. Believing that science matters, economists have attempted to understand the behavior of scientists and the operation of scientific institutions.