_dps
Joined 15 years ago
Joined 15 years ago
I think any metric (e.g. GDP) that reduces this multidimensional situation to "mostly irrelevant" is probably saying more about the metric than about the reality on the ground.
I'm not saying this is necessarily true, but it seems like a major problem with K-H as a concept that I personally don't see discussed (I imagine it is discussed in academic journals somewhere).
1) due to population effects, academic positions are much more competitive now than they were in say 1970; if you figure that the top 50 research universities are not generally expanding the number of professors, and that new professors generally also come from those top 50 research universities, then on average a top-50-research-university professor will generate one new such professor in a career, despite having 10-100x as many graduate students (this was different in the 70s when the university system was rapidly expanding).
2) the increasing desire for fairness in hiring and promotion (by itself, a good thing) means that you need to be able to resolve hiring and promotion disputes with something both objective and external to the university (in the same way some undergraduate institutions put more admissions weight on external and objective metrics like standardized tests compared to more easily game-able internal metrics like high school class grades)
https://jacobinmag.com/2019/12/otto-von-bismarck-germany-soc...
and from a US-centerish perspective here
https://www.smithsonianmag.com/history/bismarck-tried-end-so...
My personal style is bottom up, maximally direct code, aiming for monolithic modules under 10kloc, combined with module coupling over very narrow interfaces. Generally the narrow interfaces emerge from finding the "natural grain" of the module after writing it, not from some a priori top-down idea of how the communication pathways should be shaped.
Edit: an example of a narrow interface might be having a 10kloc quantitative trading strategy module that communicates with some larger system only by reading off a queue of things that might need to be traded, and writing to a queue of desired actions.
As for status not being lowered by words, we'll have to agree to disagree. No one in practice (in the US) calls medical school "vocational school" precisely because it is a phrase associated with lower status work in the trades.
If $2/hr vs $10/hr is indeed the thing preventing repair being economical , that seems like it can be fixed with a mixture of incentives, apprenticeship contracts, and elevating the social status of "vocational education" (the name exists IMO only to serve as status-lowering). Or if not one of those, then some other untried thing.
Edit: as sibling comments mention, if in fact the main limitation is not labor prices but exclusive-supply agreements for certain consumable parts, then this seems easily within the scope of Antitrust to address.
Appraisal is very difficult to do well, and different appraisers have different ideas about market trends (part of the reason for my wildly differing appraisals were different expectations for property appreciation in the neighborhood).
If I have $1k under the mattress I probably won't risk $100 on a share of CORP. If I have $100k under a mattress, I'm more willing to take a swing.
outcome = idea x execution
So both are "multipliers" in the language of the model. The formula is completely symmetric in the two quantities.
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