Central and East European
Society for Phenomenology

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194079

Moral issues relating to the economics of new knowledge in the biomedical sciences

Nicholas Rescher

pp. 35-45

Abstract

Over the past few generations there has been an exponentially increasing investment of human and material resources in scientific inquiry, particularly medical research. Nevertheless, there remains the economists' uncompromising question regarding the actual structure of the relationship between resource investment and product output. In particular, the problem arises of whether, as science progresses, a fixed amount of effort continues to yield uniformly significant results, or whether a process of declining yields is operative in this respect. Even greatly increasing resource investments will fail to generate a corresponding increase in output if the unit cost of production is rising.

Publication details

Published in:

Bondeson William B., Engelhardt Tristram, Spicker Stuart, White Jr Joseph M (1982) New knowledge in the biomedical sciences: some moral implications of its acquisition, possession, and use. Dordrecht, Springer.

Pages: 35-45

DOI: 10.1007/978-94-009-7723-5_3

Full citation:

Rescher Nicholas (1982) „Moral issues relating to the economics of new knowledge in the biomedical sciences“, In: W. B. Bondeson, T. Engelhardt, Spicker & J.M. White Jr (eds.), New knowledge in the biomedical sciences, Dordrecht, Springer, 35–45.