The institutions of property, prices and profit and loss are at best approximated in science --- we have at best attenuated property rights, etc. The coin of the realm in science is pretige and reputation. It is not necessarily a cash nexus, though of course some drug research etc. does have this implication -- but we were talking about economic science originally.
I highly recommend Kenneth Boulding's work on the waste of resources in intellectual markets --- paper can be found in his Collected Writings edited by Fred Glahey. Pete Prof. Peter J. Boettke, Deputy Director James M. Buchanan Center for Political Economy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Phone: 703-993-1149 FAX: 703-993-1133 Email: [EMAIL PROTECTED] HomePage: http://www.gmu.edu/departments/economics/pboettke Editor, THE REVIEW OF AUSTRIAN ECONOMICS
