Basic research at universities comes in two varieties: research that requires big bucks and research that requires small bucks. Big bucks research is much like government research and in fact usually is government research but done for the government under contract. Like other government research, big bucks academic research is done to understand the nature and structure of the universe or to understand life, which really means that it is either for blowing up the world or extending life, whichever comes first. Again, that's the government's motivation. The universities' motivation for conducting big bucks research is to bring money in to support professors and graduate students and to wax the floors of ivy-covered buildings. While we think they are busy teaching and learning, these folks are mainly doing big bucks basic research for a living, all the while priding themselves on their terrific summer vacations and lack of a dress code.
Smalls bucks research is the sort of thing that requires paper and pencil, and maybe a blackboard, and is aimed primarily at increasing knowledge in areas of study that don't usually attract big bucks - that is, areas that don't extend life or end it, or both. History, political science, and romance languages are typically small bucks areas of basic research. The real purpose of small bucks research to the universities is to provide a means of deciding, by the quality of their small bucks research, which professors in these areas should get tenure.

Basic research is like shooting an arrow into the air and, where it lands, painting a target.

Basic research is not the same as development. A crash program for the latter may be successful; but for the former it is like trying to make nine women pregnant at once in the hope of getting a baby in a month’s time.

Basic research is what I am doing when I don't know what I am doing.

Basic research may seem very expensive. I am a well-paid scientist. My hourly wage is equal to that of a plumber, but sometimes my research remains barren of results for weeks, months or years and my conscience begins to bother me for wasting the taxpayer’s money. But in reviewing my life’s work, I have to think that the expense was not wasted.
Basic research, to which we owe everything, is relatively very cheap when compared with other outlays of modern society. The other day I made a rough calculation which led me to the conclusion that if one were to add up all the money ever spent by man on basic research, one would find it to be just about equal to the money spent by the Pentagon this past year.

Innovation is the key to the future, but basic research is the key to future innovation.

It is when physicians are bogged down … when they lack a clear understanding of disease mechanisms, that the deficiencies of the health-care system are most conspicuous. If I were a policy-maker, interested in saving money for health care over the long haul, I would regard it as an act of high prudence to give high priority to a lot more basic research in biologic science.

It was basic research in the photoelectric field—in the photoelectric effect that would one day lead to solar panels. It was basic research in physics that would eventually produce the CAT scan. The calculations of today's GPS satellites are based on the equations that Einstein put to paper more than a century ago.

Science can be thought of as a large pool of knowledge, fed by a steady flow from the tap of basic research. Every now and then the water is dipped out and put to use, but one never knows which part of the water will be needed. This confuses the funding situation for basic science, because usually no specific piece of scientific work can be justified in advance; one cannot know which is going to be decisive. Yet history shows that keeping water flowing into the pool is a very worthwhile enterprise.

The companies that can afford to do basic research (and can’t afford not to) are ones that dominate their markets. … It’s cheap insurance, since failing to do basic research guarantees that the next major advance will be owned by someone else.

The hybridoma technology was a by-product of basic research. Its success in practical applications is to a large extent the result of unexpected and unpredictable properties of the method. It thus represents another clear-cut example of the enormous practical impact of an investment in research which might not have been considered commercially worthwhile, or of immediate medical relevance. It resulted from esoteric speculations, for curiosity’s sake, only motivated by a desire to understand nature.

The justification for [basic research] is that this constitutes the fount of all new knowledge, without which the opportunities for further technical progress must eventually become exhausted.

This is the element that distinguishes applied science from basic. Surprise is what makes the difference. When you are organized to apply knowledge, set up targets, produce a usable product, you require a high degree of certainty from the outset. All the facts on which you base protocols must be reasonably hard facts with unambiguous meaning. The challenge is to plan the work and organize the workers so that it will come out precisely as predicted. For this, you need centralized authority, elaborately detailed time schedules, and some sort of reward system based on speed and perfection. But most of all you need the intelligible basic facts to begin with, and these must come from basic research. There is no other source. In basic research, everything is just the opposite. What you need at the outset is a high degree of uncertainty; otherwise it isn’t likely to be an important problem. You start with an incomplete roster of facts, characterized by their ambiguity; often the problem consists of discovering the connections between unrelated pieces of information. You must plan experiments on the basis of probability, even bare possibility, rather than certainty.

Why do we do basic research? To learn about ourselves.

Willis Rodney Whitney ... once compared scientific research to a bridge being constructed by a builder who was fascinated by the construction problems involved. Basic research, he suggested, is such a bridge built wherever it strikes the builder's fancy—wherever the construction problems seem to him to be most challenging. Applied research, on the other hand, is a bridge built where people are waiting to get across the river. The challenge to the builder's ingenuity and skill, Whitney pointed out, can be as great in one case as the other.