Isn't it better with bubbles? You gotta prove that stable growth is better. Maybe bubbles create things that otherwise you wouldn't have made.
RE: Science Funding - Bubbles
You are viewing a single comment's thread from:
Science Funding - Bubbles
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Yes, but is a tax on the researchers. Bubbles are productive in research, as they are almost everywhere else. The real problem of railroad manias is that while they are great for building infrastructure, as the growth is not planned waste a huge portion of human capital when the bubble ends.
This is seen in deflationary systems and inflationary systems alike. When homeostasis breaks the whole system undergoes a shock, that in the economy is seen as Depression and in research is researchers abandoning academia.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit