Saturday, January 25, 2014

Money spent on research is almost always a good investment, even when the results of that research are controversial.

Last year, Pfizer, one of the biggest drug companies in the world, failed to get forestall revenue from the look into on inhaled insulin, because the drug developed is debatable on its safety and efficiency among specialists. Pfizers CEO admitted that if he had kn experience that there would be so much literary argument about inhaled insulin in advance, he would have refused to set up on the look into. According to this example, it seems that disbursal bullion on interrogation with moot results is a wrong decision. But does that mean that if the research results morose out to be controversial, the money that had spent would be undeserving? There is no obvious answer.  Research is a bod of activity in which people try to run a risk the answers to unheard-of questions of nature or society. Generally, there could be deuce kinds of controversies think to the research results¬¬¬: empirical issue which deals with whether the proposition is true(p) or false, and normal issue which discussed whether the solution is good or bad. No matter what kinds of controversies argon involved, the result of research takes sequence to be tested and finally be accepted or rejected. Thus, in either situations, the controversial result cannot be utilise apace or have great risk in applying so the investor can hardly use it to make money. As a result, to private investors who c be about monetary payoff, spending money on research with controversial results is more possible to be a wrong decision. However, controversial results have their own value. Although the results of research may be of controversy, it sheds lights on the question we are kindle in. Some results, which are controversial and inconceivable at first, good turn out to be true or at to the lowest degree partially true and are gradually accepted by the public. For instance, when Friedmans research illume that it is monetary policy, not the monetary policy that works hale in simul ating the economics in America, most economi! sts remained ambivalent about...If you indirect request to get a large essay, order it on our website: BestEssayCheap.com

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