Economy and Federal Research.

The article focuses on the paper issued by the U.S. National Science Foundation which deals with the problem on economy and the federal research and development budget. In a kind of "white paper" issued on February 28, 1953, NSF noted that almost two billion dollars, of which some 1.2 billion goes to development is being spent on research and development in United States. According to the foundation, research and development costs can be reduced through basic research which can minimize expensive false starts in development.