Too Much Peer Review?
One way in which Canada stands out internationally in higher education is our ultra-reliance on individual peer review as a means of allocating research funding. While peer review is in many ways the “gold standard” of research assessment mechanisms, it has the drawback of being incredibly time-consuming, both for the applicant and for the assessors. What’s the alternative, though? Well, as Paula Stephan points out in her quite excellent book How Economics Shape Science, there are a number of ways that