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Showing posts from April, 2013

The Market Failures of Life

One day, I was strolling through twitter when I found something fascinating. A biology lecturer at the Faculty of Maths and Sciences in Universitas Indonesia was bursting with rage as he had found some sort of poster within the complex of the faculty denouncing evolution theory, apparently due to religious beliefs.  He then concluded his rant with rather sarcastic questions: How many students there had put the science faculty as the first choice on their university placement tests? And how many are there only because they were not good enough for the School of Medicine or School of Engineering? I couldn’t care less about the science students' religious defence of creationism, but being an economics student his last question struck me into thinking: There is a market failure present. The best students should be in Science. They should be the ones propelling scientific research and innovation forwards. We cannot afford to let such an important aspect of civilization t