One strand in the disastrous history of the Science and Technology Facilities council (STFC) is a tension between “top-down” and “bottom-up” research funding. The science minister and the chair of STFC are currently reviewing the structures; this tension is something they should take into account.
Most scientists I know are driven by a desire to solve problems and learn how nature works; the mechanisms of life, galaxy formation, why things have mass; questions on the frontiers of knowledge. The sudden thrill, and long-term satisfaction, of extending the sum of human knowledge is what keeps people working through the less rewarding bits. I am not sure those who control science policy and administer resources always realise this. Of course people are motivated also by desire for money, approval, power, fun, as with other jobs, but the ability to follow your hunches and your curiosity is fundamental. Without it research is vastly poorer, and much more expensive. The thrill of knowledge may be our equivalent of the banker’s bonus.
