Acquisition Talk

The history and sciences of R&D policy with Will Thomas

Oct 4, 2019
Senior science policy analyst at the American Institute of Physics, Will Thomas, discusses the history of R&D policy. Topics include military learning, origins of operations research, market in defense, technology readiness levels, similarities between healthcare and defense, debate in RAND, Arrow vs Alchian perspectives, R&D process challenges, centralization vs decentralization, increasing returns to scale, challenges of transferring scientific results, and satisficing vs optimizing in decision-making.
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ANECDOTE

German Radar Development Gap

  • During WWII, the British Branch of MIT's Radiation Lab was in Germany, interviewing German radar scientists.
  • They discovered a gap between German scientists, industrialists, and the military, hindering their radar development.
INSIGHT

Government's Role in R&D Funding

  • Deciding when to stop funding a project requires considering feasibility and cost.
  • The government's role is supporting speculative R&D projects, balancing potential with cost-plus contract risks.
INSIGHT

Avoiding Premature Commitment

  • Kenneth Arrow and Armen Alchian advocated for supporting diverse development projects before committing to specific technologies.
  • Their main concern was avoiding premature commitment, aligning with current prototyping emphasis.
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