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JoshuaZ comments on How minimal is our intelligence? - Less Wrong
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Sorry, in this context, I switched talking about the marginal to talking about the average. You shouldn't take my own poor thinking as a sign of anything, although in this context, it is possible that I was without thinking trying to steel man your argument, since when one is talking about completely eliminating academic funding, the average rate matters much more than the marginal rate. But the citation you've given is convincing that the marginal rate is generally quite low across a variety of fields.
Who exactly is arguing for completely eliminating academic funding? If you mean me, I hope you can provide a supporting quote.
Well, various statements you've made seemed to imply that, such as your claim that burning down the Library of Alexandria had the advantage that:
and you then stated
If you prefer, to be explicit, you seem to be arguing that all goverment funding of academics should be cut. Is that an accurate assessment? In that context, given that that's the vast majority of academic research, the relevant difference is still the average not the marginal rate of return.