Episode: How to beat research funding’s boom and bust cycle
Pub date: 2019-02-01
Julie Gould asks how early career researchers can develop their careers in the face of funding’s “boom and bust” cycle and the short-termism it engenders.
Governments are swayed by political uncertainty and technological developments, argues Michael Teitelbaum, author of Falling Behind?Boom, Bust, and the Global Race for Scientific Talent.
In the US, for example, space research funding dramatically increased after Soviet Russia launched the Sputnik 1 satellite in 1957, ending after the 1969 moon landing.
Similar booms followed in the 1970s, 80s, and 90s, says Teitelbaum, a Wertheim Fellow in the Labor and Worklife Program at Harvard Law School and senior advisor to the Alfred P. Sloan Foundation in New York.
But he argues that they are unsustainable and can have a negative impact on the careers of junior scientists and their research. Will Brexit trigger a funding downturn, and if so, for how long? Watch this space, says Teitelbaum.
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