JGC says:
Doesn’t any one else see the inherent problem with presuming it
would be more economical to grow protein slabs (i.e., meat) in large
scale cell culture facilities than it is to raise and slaughter
chickens and cattle traditionally?
It may be possible to as you say grow large amounts of meat in a
vat, but if doing so promised to reduce costs of production there’d be
no necessity to offer cash incentives to encourage doing so—companies
would already be pursuing it in pursuit of profit.
LeRoy: I am actually not PRESUMING it would be more economical to grow meat in large scale cell culture facilities. I simply think it is an interesting line of research that should be pursued. As I'm sure you know, firms do not always have the incentives to pursue areas of research that society might well find beneficial: how much evolutionary research would firms fund? As economists understand, research can have extensive public good and positive externality characteristics, and so the natural assumption is that the market, left to itself, will not provide the socially optimal level of research. Firms in many cases will not be able to collect the full benefits of their research, because the knowledge will diffuse out to the wider society. Indeed, this is why we have (and SHOULD have) so much public funding of research and in the general advancement of scientific knowledge. [It's why we have NASA, for instance.] Having said all that, I tend to agree with the posters who think this is kind of a publicity stunt by PETA, because I think $1 million is a paltry amount as a reward for a research project that might well require 20 years and billions of dollars in funding. As I said at the beginning, I do not know whether it will work or not, in terms of being less costly than our current methods of raising meat. But I do think we should try to find out.