Wikipedia describes the last year’ financial crisis as “an economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, or a speculative mania) as a “trade in high volumes at prices that are considerably at variance with intrinsic values”. A new and excellent Embo Report (thanks to WK) arrives at the same description of current science, a

dangerous cocktail of short-term gains prevailing over long-term interests, herding, increasing pressure to deliver results, the absence of effective oversight, and blind trust that the system would regulate itself Continue reading The science market bubble →