Re Is Science Hitting a Wall - it's not just about science

["Dave Farber" <farber () gmail com>]

Begin forwarded message:

> From: Anne & Lynn Wheeler <lynn () garlic com>
> Date: April 8, 2018 at 6:37:43 PM EDT
> To: dave () farber net
> Subject: Re: [IP] Re Is Science Hitting a Wall - it's not just about science
>
> ... for IP list
>
> Early 80s, articles were starting to appear about MBAs were destroying US corporate culture with their myopic focus 
> on short term results and financial engineering. Development supposed is 1-3yrs, advanced development is 3-6yrs and 
> research is 7+yrs. In the 80s,
> https://en.wikipedia.org/wiki/Benoit_Mandelbrot
>
> Mandelbrot left IBM in 1987, after 35 years and 12 days, when IBM decided to end pure research in his division.[25] 
> He joined the Department of Mathematics at Yale, and obtained his first tenured post in 1999, at the age of 75.[26] 
> At the time of his retirement in 2005, he was Sterling Professor of Mathematical Sciences.
>
> The Price of Inequality: How Today's Divided Society Endangers Our Future (Joseph E. Stiglitz) pg35/loc1169-73: In 
> business school we teach students how to recognize, and create, barriers to competition -- including barriers to 
> entry -- that help ensure that profits won't be eroded. Indeed, as we shall shortly see, some of the most important 
> innovations in business in the last three decades have centered not on making the economy more efficient but on how 
> better to ensure monopoly power or how better to circumvent government regulations intended to align social returns 
> and private rewards
>
>
> -- 
> virtualization experience starting Jan1968, online at home since Mar1970



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