Status Updates From The Economic Laws of Scient...

Rousseau abandoned all five of his children to the Foundling Hospital, though he knew how horrible the conditions there were.

My mistake, the before were MY words, not a quote!

"Scientists face a "malthusian crisis" of sorts, in that their growth is larger than that of the economy that sustains them. Combined with the grant-system, this humiliates them, something they were warned about in 1880!"

In 1861, according to Fraser, private charities in London spent more to battle poverty than did the state.

Elizabeth I enacted the first Poor Laws after her father, Henry VIII, destroyed the monasteries. Coincidence?

I love his sense of humor!

New term I learned: First-mover advantages.

Mansfield and Griliches have shown that the more basic research a company performs, the greater its profits are.

Astronomy was largely a private enterprise until the 70's (Pluto was discovered by scientists from the private sector), and that DNA was the carrier of heritage was discovered by a researcher of the Rockefeller Institute.

Several studies show that only around ten percent of all technologies can be attributed to academic research, and these technologies are usually comparatively unimportant.

Airbus threatened Thai officials with influencing the EU to raise tariffs on tapioca. Totally laissez-faire at work!