The root of the problem is that we allow people with high esteemed credentials to run society. They jumped through a hoop.
"You got straight As at 14 - 18 years old and got into an ivy league school as a result? Here run this venture fund."
"You got a PhD in Economics with a good publication by P-hacking your secret data? Here take a run at the FED with power over the US Economy. Your Phd shows that you are the man for the job."
"You got a PhD in ML by making some incremental improvement on some already existing model and then doing massive hyper parameter tuning? Here, become director of research at this big corporation."
Research will never be fully productive in this system, there are too many people who have too much to gain from gaming the publication system.
"You got straight As at 14 - 18 years old and got into an ivy league school as a result? Here run this venture fund."
"You got a PhD in Economics with a good publication by P-hacking your secret data? Here take a run at the FED with power over the US Economy. Your Phd shows that you are the man for the job."
"You got a PhD in ML by making some incremental improvement on some already existing model and then doing massive hyper parameter tuning? Here, become director of research at this big corporation."
Research will never be fully productive in this system, there are too many people who have too much to gain from gaming the publication system.