Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Warning: Cannot modify header information - headers already sent by (output started at /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php:6131) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/feed-rss2-comments.php on line 8
Comments on: Expensive tomfoolery http://www.tvhe.co.nz/2008/01/18/expensive-tomfoolery/ The Visible Hand in Economics Mon, 21 Jan 2008 23:02:04 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2008/01/18/expensive-tomfoolery/#comment-656 Mon, 21 Jan 2008 23:02:04 +0000 http://tvhe.wordpress.com/2008/01/18/expensive-tomfoolery/#comment-656 “Perhaps they subscribe to a notion that investing in pure science yields significant spillovers to domestic industry?”

We have to ask what the spillovers are though. We can’t just say “there will be spillovers”, we need to try and quantify them. In this case James is trying to figure out what external benefits there might be from flying a paper plane into space, however, with them not taking any data or even recording the flight, it seems difficult to figure out exactly what the spillovers are, let alone quantify them.

BTW the BDO was awesome, rage against the machine was lovely.

]]> By: Andrew http://www.tvhe.co.nz/2008/01/18/expensive-tomfoolery/#comment-655 Fri, 18 Jan 2008 15:45:12 +0000 http://tvhe.wordpress.com/2008/01/18/expensive-tomfoolery/#comment-655 Perhaps they subscribe to a notion that investing in pure science yields significant spillovers to domestic industry? I’m fairly convinced by this, myself.

]]>