Economic Benefits from Oceanographic Research (1964) / Chapter Skim
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Introduction
Introduction
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to suggest a conceptual and computational framework for estimating the usefulness of investment of public funds in this held, which could be employed by other interested persons who may make quite different judgments about the numerical values we have used. Our estimates indicate that a continuing national investment in oceanography of approximately $165 million a year (not counting the part for national defense)
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The value at the present time of the estimated total benefits directly attributable to oceanographic research during the next twenty years, is 4.4 times the estimated total research expenditures, also discounted to the present. The estimates are summarized in Table 1, which shows the increases in production that might result from the use of new oceanographic knowled~e in development of orenn fisheries marine mineral Anacin once 1 ~ 7 _ _ ~ _ r V A ~ V ~ ~ marine recreational facilities, and the annual savings that might come from improvements in shipborne transportation, long-range weather forecasting, and near-shore sewage disposal.
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