Nobel laureates and the economic impact of research: a case study

« In the course of another project, I recently ran some data on the publications of 37 laureates of the Nobel prizes in Medicine, Physics and Chemistry. The results raised eyebrows in the office: they showed that those laureates, recognized for the tremendous contribution their discoveries have made to humanity, have over the course of their careers produced knowledge that has been taken up in innovation—as measured by patent citations—more widely than the work of the average US or world scientist. While this was a “quick and dirty” case study, the results exemplify the great potential of the prizewinners’ work for producing economic returns to society. (…) »