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Among the more influential truisms about science today is that it is essential for technological and thus economic progress. It is fitting, then, that the apparent slowing of American innovation has fueled a debate about the importance of science and the need for the federal government to support it. Indeed, there is growing interest across the political spectrum in revitalizing American innovation, raising questions about how best to allocate scarce resources. What kinds of research should we support? Who should decide government or industry or the scientific community? Should we emphasize science or technology? Should we steer research toward solving practical problems or simply leave science free to pursue its own aims? ....