R&D may be the engine of growth and innovation, but it is also an expensive enterprise. In this time of austerity, policy makers and funders need to consider how to increase R&D productivity and ensure they get the most out of the money that is invested in science.

In my book, How Economics Shapes Science, I explore the ways in which public research organisations and scientists respond to incentives.  From a policy perspective, it is both good...

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