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Terence Kealey: “Science is a Private Good: Why Government Science is Wasteful”

June 20, 2010 by Stephan Kinsella

I recently attended at the Fifth Annual Meeting of the Property and Freedom Society in Bodrum, Turkey (see my Bodrum Days and Nights: The Fifth Annual Meeting of the Property and Freedom Society: A Partial Report). I delivered a speech entitled “Ideas are Free: The Case Against Intellectual Property.” The speech following mine was by one Terence Kealey, a biochemist at the University of Buckingham and author of Sex, Science and Profits and The Economic Laws of Scientific Research. Kealey is a fantastic speaker and his fascinating, riveting talk, “Science is a Private Good – Or: Why Government Science is Wasteful” (video; audio), perfectly complemented my anti-IP talk–in fact his book Sex, Science and Profits has a chapter calling for the abolition of patents. (The other PFS speeches (see the Program) are being uploaded and will be linked here.)
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Source link: http://archive.mises.org/13017/terence-kealey-science-is-a-private-good-%e2%80%93-or-why-government-science-is-wasteful/