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The Economics of Scientific Knowledge: A Rational Choice Neo-Institutionalist Theory of Science

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The Economics of Scientific Knowledge demonstrates how contemporary economic theories, such as rational choice theory, public choice theory, game theory, and neo-institutionalist economics can be successfully applied to resolve the issues currently existing in science studies and science and technology policy.

Yanfei Shi criticizes the sociology of scientific knowledge and the traditional philosophy of science for their failures in justifying science as a rational enterprise. From an econom...