Technology
Professor Nicholson Price of the University of Michigan Law School discusses his work on grants with NYU Law Engelberg Center Executive Director Michael Weinberg. We talk about how grants fit in with other ways to incentivize innovation such as patents and prizes. Although the grant system is tens – if not hundreds – of times larger than the prize system, it tends to be understudied as a way to incentivize production. The grant system is especially important in fueling basis science research.