Perhaps this lack of response is in part because some scientists see acknowledging diminishing returns as betraying scientists’ collective self-interest. Most scientists strongly favor more research funding. They like to portray science in a positive light, emphasizing benefits and minimizing negatives. While understandable, the evidence is that science has slowed enormously per dollar or hour spent. That evidence demands a large-scale institutional response. It should be a major subject in public policy, and at grant agencies and universities. Better understanding the cause of this phenomenon is important, and identifying ways to reverse it is one of the greatest opportunities to improve our future.
Despite vast increases in the time and money spent on research, progress is barely keeping pace with the past. What went wrong?