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Alex Tabarrok - Prizes, Prices, and Public Goods
Dwarkesh Podcast
The Superiority of Prizes
Why are grants a dominant way of funding research? It's a good question, and I don't really know the answer. Prizes were much more common in the 19th century. And then they kind of failed, failed off or trailed off in the 20th century. One reason perhaps is that the giving out money is kind of a powerful job.
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