Asimov on Scientific Discovery
“The most exciting phrase to hear in science, the one that heralds new discoveries, is not ‘Eureka!’ [I’ve found it!], but ‘That’s funny.’
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“The most exciting phrase to hear in science, the one that heralds new discoveries, is not ‘Eureka!’ [I’ve found it!], but ‘That’s funny.’
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I came across an interesting quote in the New Yorker recently, reflecting on the US banking system. It reads: The power and the growth of power of our financial oligarchs comes from wielding the savings and credit capital of others. The fetters which bind the people are forged from the people’s own gold. Pretty timely thoughts,…
In the last few decades, medical schools have been teaching us doctors to inform patients about their treatment alternatives, so our patients can pick the alternative that best fits with their individual values. Which raises the question: Should doctors take the time to figure out the cost of treatment alternatives and communicate such information to their patients? Read More
First a quick apology – this post is a bit outside of my normal range of topics. But I thought I would share it with you anyway. This is a picture from the University of Chicago Magazine, showing spending on federal contracts by week of the year. That tall bar on the very right –…
Albert Rees was a University of Chicago trained economist who wrote some of the most influential works in the field of labor economics. Despite his Chicago training – Chicago being the epicenter of the idea that humans are guided largely by rational choice – he was well aware of something crucial missing from economic theory:…
In his new book, Detroit City is the Place to Be, Mark Binelli describes the scene outside his residence in language so wonderful I had to share it with you: “By 9 o’clock on a Sunday morning, when I’d step out to buy a newspaper, I’d spot the tailgaters bundled up like deer hunters, clutching copied…
Speaking of time of day, here is George C. Marshall opining on originality: “No one ever had an original idea after 3 o’clock in the afternoon.” A totally false statement, of course. But I don’t think that was his point!