Collective Allocation of Science Funding – a new proposal

Scholars at the Schools of Library Science and Computing at Indiana University have proposed a new model of funding for research projects – “instead of funding projects, the proposed framework would fund people.” The authors, Johan Bollen, Katy Börner, David Crandall, Ying Ding and Damion Junk write that “peer-review of funding proposals has served science well for decades, but funding agencies may want to consider alternative approaches to public science funding that build on theoretical advances and leverage modern technology to optimize return on investment.” The full text is in the arXiv Cornell archive.