In February 1997, Dr. Terence Kealey published his book titled The Economic Laws of Scientific Research. He was then lecturing at Cambridge University as a Clinical biochemist.

He points out that nearly all of the great leaps of classical science – astronomy, newtonian physics, the massive development of alternating electricity, relativity, atomic theory and practice we made by individuals or privately funded research efforts.

The purpose of the book assesses the myth that government-funded science works economically. Terence Kealey argues that the free market approach rather than that of state funding is what produces results which benefit humanity.

The European edition of the Wall Street Journal wrote: “It is the first book by a practising scientist to challenge the orthodoxy for decades, and should be read by those who are involved in science or merely wish to promote it.”

Today Dr. Terence Kealey is Vice Chancellor at the University of Buckingham.

The University of Buckingham is the only degree-awarding independent university in the United Kingdom. The university has the highest ranking in the UK for student satisfaction. The university’s five main faculties are Law, Humanities, Business, Science, and Medicine. Each of these is presided over by a Dean of Studies, an academic leader in their field.

The book shows the fatal flaws of the states indulgence in research through its own agencies such as the CSIRO.

Ronald Kitching