Super Hard
Can someone help me on my super hard confusing econ question?
so heres the question
Space flights require checking, rechecking, cross-checking, and checking yet once more. Nothing is left to chance, yet every mission depends on something that is accepeted without any check. What?
@eyerish sorry i have no idea
I can just see some clever econ professor asking this question. It is a good one! From a purely econ standpoint, whether or not the benefits outweigh the costs. In other words, they never check to see if the mission is worth it from an economic point of view. From a scientific one, there is room for argument. Economics is a different story.
Of course arguments can be made: spin-off technology, pioneering a future space industry, employing engineers and scientists, inspiring children to study more science and math, etc. Oddly enough, I have actually researched this extensively for a huge paper I did on the economics of a manned mission to Mars. Long story short, it is not worth it from an economic standpoint. Spin-offs tend to be exaggerated by NASA but in any case the money would be better spent just subsidizing science initiatives with a REAL return to society like renewable energy, green technology, science and math education, etc. The spin-off inventions would still come through and the project would directly benefit society. Pioneering a future space industry is probably the only real argument for a space program. No modern nation can afford to be left in the dust when a space industry gets established. However, we are VERY far from that and I would argue that the nations of the world ought to let private sector interest in space increase a bit before they go and spend billions on space missions that could be spent on more pressing issues. Also, we can have our cake and eat it too with unmanned missions. Still foster a good space program and engineering experience/knowledge at a fraction of the cost required for manned missions. Sorry for the rant!
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