Episode 10- Publicly Funded Research: You Cant Turn Science Off Like A Tap
b'In the commercial context, research and development, or R&D, is a strategic choice made by a business in the pursuit of competitive advantage. But what does this for governments funded R&D? Should society expect an immediate return on investment in the same way?\\n\\nOn this episode of Think Business Futures, we turn the tables on our co-host Nicole Sutton, to ask why a society would choose to fund R&D with taxpayer money. \\n\\nFurther Reading:\\n\\nYou can read more about the CSIRO\\u2019s early history here\\n\\n\\nDavid Thodey (@davidthodey) is the current chair of the Commonwealth Scientific and Industrial Research Organisation or CSIRO\\n\\nThe Science and Industry Research Act (1949) established the CSIRO. You can read the act here.\\n\\nAustralia 2030: Prosperity Through Innovation\\n\\nOliver Williamson developed Transaction Cost Economics, for which he was awarded the Nobel Prize.\\n\\n\\nYou can read Nicole\\u2019s research on the Australian cotton industry here'