Bagshaw, Joseph C.
In this paper we will investigate the economic benefit that can arise unexpectedly as a result of basic scientific research. The specific example that we will study is that of the permanent wave, particularly its annual contribution to our country's Gross National Product (GNP), which has been rumored to be larger than the total amount of government research by the National Institutes of Health (NIH) since its creation after World War II.
Worcester Polytechnic Institute
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Biology and Biotechnology