Latest Issue

People, not ideas

Scientific research can promote economic growth, but not in the way the government is doing it

By Stephen Allott   April 2005

The relationship between scientific research and business is vital to Britain’s economic future. But using top research universities to promote economic development requires a subtlety and understanding that is not evident in the government’s science strategy. Indeed, odd though it sounds, by focusing on ideas as the means of creating wealth, we are making a big mistake. People create wealth, and we need to get the right people into the right places.

The link between scientific research and economic growth is well established and, in academic terms, Britain is well placed—much better than France, for instance, where Jacques Chirac has…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect