As a consequence of recognizing the economic benefits that derive from the development of novel, successful technologies, governments have been attempting to direct research, supported with public funds, toward subjects that are perceived as national priorities. This contrasts with broad-based "curiosity" oriented basic research. 2.The views of scientists, a distinguished economist, some industrial leaders and an editorial comment in a distinguished science journal provide very strong indications that governmental management of goal-oriented research is replete with uncertainties and pitfalls and, although well-motivated, may cause serious damage to the scientific culture. This, of course, would defeat the original purpose, since the co-evolution of science and society is a very-well documented and irrefutable phenomenon. 3.Strong arguments are presented in this article by individuals and groups that support the current system of governmental funding of a very broad range of scientific efforts as probably being as close to optimal with regard to national priorities as is possible.
No one can predict with any certainty what the most successful inventions and technologies will be in the future. The economic return on federally supported funding was the subject of a report by the Council of Economic Advisors to President Clinton. This report was released in November 1995. It documents high returns to the economy and the importance of governmental involvement