Quote: (11-27-2011 03:27 PM)kimleebj Wrote:
Quote: (11-27-2011 01:29 PM)Samseau Wrote:
The university research system of publishing work in reference to other papers is the reason why the university system today has produced so little of value.
Our universities do not promote creativity or innovation. They only reward the status quo and only stagnation results.
The PhD is a joke because the people who employ PhD's are jokes. The next major scientific/philosophic breakthroughs to come forward will not be from the university, but from people's private homes or businesses.
This displays little perspective. One generation ago, finance professionals thought stock returns were predictable based on patterns or ratios. Academics developed the efficient market theory, portfolio theory, and option theory. Now we have index funds, risk management, and a rich derivatives market supported by this academic work.
Oh boy, talk about refuting yourself.
The same index funds and hudge funds that are going belly up left and right?
Google "MF Global". Run by an academic too. Those predictible returns aren't there anymore for 1.2 billion of other people's money.
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The internet came from academic research. Of course some important developments occurred outside academia. The transistor and public key cryptography come to mind. Also, the muppets. But I'm not sure those examples help your argument.
I never said the academic world cannot produce things of value, all I said is that
future ideas of value will not come from academic institutions. Their time has past, academic institutions are too corrupt today.
Intellectual history moves between academia and intellectual-laymen.
For example, the best early philosophers were non-academics until Plato, who then founded "The Academy", and afterwards all great thinkers came from Academia.
But, eventually the schools lost prestiege and people moved away from them, with new Christian thinkers coming forth to dominate the intellectual landscape.
And after some time Christian universities of the Middle ages became dogmatic cesspools that produced nothing of value...
Then came along Descartes, and all the other Enlightenment thinkers, who were almost all non-academics, who redifined the world of knowledge.
But as the Enlightenment thinkers faded with Kant, a new generation of brilliant academics in Germany once again took the forefront of intellectual history.
Today, the trend is moving back away from academics and the world's real intellectuals will be found elsewhere, just like they were in the Enlightenment. The intellectuals will find each other through the internet, and new ideas to change the world will usher forth across the digital age.
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