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The value of science can and must be factored into policy calculations

27 February 2023
It is important and urgent for the planning agencies to systematically survey the effects of investments in science on indicators of broad well-being. The Royal Netherlands Academy of Arts and Sciences (the “Academy”) states this in a new advisory report on The Value of Science – Observe, Know and Measure [Waarde van Wetenschap – Observeren, weten en meten]. At present, that value is wrongly absent from the planning agencies' models, leading to underinvestment in science.

At the request of the Dutch Minister of Education, Culture and Science, an Academy advisory committee chaired by econometrist Mirjam van Praag considered how the value of science can be expressed. On 1 February, Van Praag and the Academy’s President, Marileen Dogterom, presented the committee’s advisory report to the Minister, Robbert Dijkgraaf, in The Hague.

In the report, the Academy states that science has many values, the first of which is its own intrinsic value. Through education, it helps people develop into citizens and productive members of society. It also contributes to sustainability and health. The advisory report presents nine examples that reflect the different values of science.

The value of science is much greater and broader than what we can observe. Moreover, measuring the value of science in so far as it can actually be observed is extremely complicated. The effects of science often only manifest themselves in the longer term, and are difficult to unravel. Nevertheless, the Academy concludes that even the value of science that is in fact measurable is not included in the methods used for the systematic evaluation of policy options or party programmes. These current methods are unsuitable for factoring in the effects of investment, for example in education and research. Moreover, outcome measures such as health or equality of opportunity are not addressed in these models, which focus mainly on economic indicators.

According to the Academy, it is both possible and urgent for the planning agencies to jointly change course when systematically evaluating policies and programmes. It is high time they started using the many methods that already exist to identify the value of science for broad well-being. For instance, scientists are already engaged in numerous studies that are useful for this purpose, for example in the field of education. These studies can be of both a quantitative and qualitative nature, and consider a wide range of outcomes. Collecting, evaluating, and augmenting such partial studies with various outcome measures that together measure overall prosperity should form the basis of a new range of methods for systematic evaluation of policy. In this regard, some outcomes are only qualitatively or even “narratively” measurable.

The Academy welcomes the fact that planning agencies are already working on indicators for measuring broad well-being. It does express concern, however, that there is so far no plan whatsoever to make use of this to develop a range of methods for systematically measuring the value of investment in science. The Academy therefore calls on the combined planning agencies to immediately add the available methods to those on which administrators base their policy decisions.

The Royal Netherlands Academy of Arts and Sciences (the “Academy”)report The Value of Science – Observe, Know and Measure [Waarde van Wetenschap – Observeren, weten en meten] can be downloaded here.