Both chemistry and alchemy involve “research”. Both can be referenced to markets. Perhaps it’s all good, even if there’s no science involved. There’s a claim that science is progressive, cumulative, self-critiquing, and given to a kind of Schumpeterian self-dismantling based on reasonable assessment of “data”–a “paradigm shift” perhaps (in Kuhn’s way of putting it). What isn’t asked is whether “science” policy could be just as easily leading research from science to alchemy but obscuring this in the language of “research”. The research fish swim west, but the policy current flows north. Hmmm. Could that be?
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