>...this thinking again assumes an oversimplified linear model: in practice, the rest of the world would not be able to absorb all of the lost opportunities in the US in a single job cycle, and some mathematicians may end up leaving the field entirely, or not obtain as enriching a career as they would otherwise have been able to achieve.
Has the author considered the possibility that there may be an misallocation of resources directed towards academia? If the work is valuable, individuals in the private sector will voluntarily pay for it. Decentralized market pricing is the method by which dollar values are assigned.
He could equally say, "My colleagues in the dig holes and refill them field have not received their grants for their important research. Think of all of the missed opportunities. This disruption may result in individuals leaving the dig & refill sector."
Has the author considered the possibility that there may be an misallocation of resources directed towards academia? If the work is valuable, individuals in the private sector will voluntarily pay for it. Decentralized market pricing is the method by which dollar values are assigned.
He could equally say, "My colleagues in the dig holes and refill them field have not received their grants for their important research. Think of all of the missed opportunities. This disruption may result in individuals leaving the dig & refill sector."