Sounds a lot like the effect of venture capital in the present day.
> First of all, the best scientists would be removed from their laboratories and kept busy on committees passing on applications for funds
Convince talented technical innovators that the best way they can apply themselves is to become a 'business person'"; then, talk to VCs and feel important by spending a lot of money instead of building something
> Secondly, the scientific workers in need of funds would concentrate on problems which were considered promising and were pretty certain to lead to publishable results
Do whatever VCs think is hot
> For a few years there might be a great increase in scientific output
The last 15 years?
> There would be fashions. Those who followed the fashion would get grants. Those who wouldn’t would not, and pretty soon they would learn to follow the fashion, too.
Yep.
> First of all, the best scientists would be removed from their laboratories and kept busy on committees passing on applications for funds
Convince talented technical innovators that the best way they can apply themselves is to become a 'business person'"; then, talk to VCs and feel important by spending a lot of money instead of building something
> Secondly, the scientific workers in need of funds would concentrate on problems which were considered promising and were pretty certain to lead to publishable results
Do whatever VCs think is hot
> For a few years there might be a great increase in scientific output
The last 15 years?
> There would be fashions. Those who followed the fashion would get grants. Those who wouldn’t would not, and pretty soon they would learn to follow the fashion, too.
Yep.