Economics of space and the role of government

The author was a member of the House of Lords Select Committee on Science and Technology which conducted and enquiry into UK space policy. He argues that the industrial and technological case for space put to the Committee was insufficiently underpinned by reasoned argument. The article first examines the economic case forgovernment involvement in space. The role of economic analysis is examined; it is concluded that, except in the case of space applications, quantified analysis is usually misleading. In the light of this discussion, the technological case for space and the problems of commercialization are examined.