A common complaint against the increasing privatization of research is that research that is conducted with the immediate purpose of producing applicable knowledge will not yield knowledge as valuable as that generated in more curiosity-driven, academic settings. In this paper, I make this concern precise and reconstruct the rationale behind it. Subsequently, I examine the case of industry research on the giant magnetoresistance effect in the 1990s as a characteristic example of research undertaken under considerable pressure to produce applicable results. The example permits one to arrive at a more optimistic assessment of the epistemic merits of private, application-driven research. I attempt to specify the conditions that, in this case, advanced the production of interesting and reliable knowledge.
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Instrumental Research and the Concerns about Epistemic DeclineWhat epistemic consequences ensue when scientific research is taken over by corporate interests? In this paper, I will examine one important recent example of such a takeover. Among other things, I will describe the role of a certain kind of local model that figures importantly in connecting research efforts with product development and whose occurrences are sometimes aptly called 'design rules'. It is often feared that these and all other results of application-driven research are inevitably pragmatic, provisional or otherwise inferior to the knowledge achieved by curiosity-driven academic science. The ambiguity of this paper's title alludes to these worries: It is reasonable to assume that in industrial research, design rules. Might the demands of successful product design even threaten to overrule the traditional epistemic values of academic science?Quite a few players in public debates about science evidently fear so, and have expressed their concern that the gradual privatization of research will eventually prove detrimental for the epistemic merits of science as a whole.