There is an interesting article in today's Sunday NY Times on 
the effects of the Bayh-Dole Law aka the University Small 
Business Patent Procedures Act which made it easier for
universities to patent and licence the results of federally
funded research.  This allowed both the individual researcher
and the university to monitarily profit from the research
"product" but it seems that letting the "free market" operate
on campus has some consequences that are detrimental to
the traditional goals and conduct of scientific research
(not to mention making some universities spend on
investments that haven't and may never pay off). 
For more see:

http://www.nytimes.com/2008/09/07/technology/07unbox.html?_r=1&th=&oref=slogin&emc=th&pagewanted=all
 

or
http://tinyurl.com/6nhbqb  

One phrase in the article that caught my eye was " 'Blue sky'
research" which is described as "the kind of basic experimentation 
that leads to a greater understanding of how the world works".
I must not have gotten the memo saying that we would now
refer to basic research as "Blue sky research".  When did basic
research for the understanding of reality become a "romantic notion"?

-Mike Palij
New York University
[EMAIL PROTECTED]


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