Different types of innovation require different types of institutions and you need them all to be really successful. Agile start-ups, big established companies doing incremental innovation, state/military-funded goal-oriented R&D projects, and state-funded pure research.
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Replying to @mr_scientism
You should do some more research on technical development
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Replying to @fides_et_cancri @mr_scientism
Fat Tails are actually very important in this domain. Innovation is inherently incremental with the major players actually being hobbyist tier until around the 20th century (military advances being what ended up becoming a big contributor)
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Replying to @fides_et_cancri
Not sure why you’d think this is incompatible with anything I said.
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Replying to @mr_scientism
Because 2 of the 4 avenues you mentioned dont do shit
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Replying to @mr_scientism
No. Just actually tracing the roots of technical development through egyptian/grecian roots, through european monastic empiricsm, and western european hobbyist experimentation
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Replying to @fides_et_cancri @mr_scientism
Its unlikely youre even familiar with the fairly miraculous synchronous development of the transistor and information theory.
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Replying to @fides_et_cancri @mr_scientism
the “hobbyists” you are referring to were aristocrats with a research budget comparable to a small nation
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Replying to @QuasLacrimas @mr_scientism
Certainly the likes of newton were. I agree that the term 'hobbyist' may have the unintended implication of everyman or pauper
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newton - actually idk that he had much of a research budget before his minting gig but boyle, cavendish - all the classic cases of “gentleman scientists” - personally wealthy, big budgets
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