{"id":4149,"date":"2010-02-09T13:54:43","date_gmt":"2010-02-09T11:54:43","guid":{"rendered":"http:\/\/www.wjst.de\/blog\/?p=4149"},"modified":"2010-02-09T14:26:51","modified_gmt":"2010-02-09T12:26:51","slug":"the-science-market-bubble","status":"publish","type":"post","link":"https:\/\/www.wjst.de\/blog\/sciencesurf\/2010\/02\/the-science-market-bubble\/","title":{"rendered":"The science market bubble"},"content":{"rendered":"<p>Wikipedia describes the last year&#8217; financial crisis as &#8220;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 \u00e2\u20ac\u0153trade in high volumes at prices that are considerably at variance with intrinsic values&#8221;. A new and excellent <a href=\"http:\/\/www.nature.com\/embor\/journal\/v11\/n2\/abs\/embor2009278.html\">Embo Report<\/a> (thanks to WK) arrives at the same description of current science, a<\/p>\n<blockquote><p>\ndangerous 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<!--more--> eventually exploded when  Lehman Brothers imploded in September 2008 &#8230; yet, most scientists see a publication in Nature, Cell or Science  as a major career achievement, rather than  a contribution to knowledge &#8230; <strong>In a system that confuses success and merit, wisdom rarely prevails.<\/strong>\n<\/p><\/blockquote>\n<p>I urge you to <a href=\"http:\/\/www.nature.com\/embor\/journal\/v11\/n2\/abs\/embor2009278.html\">read the paper by S\u00e9galatl<\/a> 3 times.<\/p>\n\n<p>&nbsp;<\/p>\n<div class=\"bottom-note\">\n  <span class=\"mod1\">CC-BY-NC Science Surf , accessed 07.04.2026<\/span>\n <\/div>","protected":false},"excerpt":{"rendered":"<p>Wikipedia describes the last year&#8217; financial crisis as &#8220;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 \u00e2\u20ac\u0153trade in high volumes at prices that are considerably at variance with intrinsic values&#8221;. A new and excellent Embo Report (thanks to &hellip; <a href=\"https:\/\/www.wjst.de\/blog\/sciencesurf\/2010\/02\/the-science-market-bubble\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">The science market bubble<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[2611,2610],"class_list":["post-4149","post","type-post","status-publish","format-standard","hentry","category-science-theology","tag-crash","tag-system"],"_links":{"self":[{"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/posts\/4149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/comments?post=4149"}],"version-history":[{"count":4,"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/posts\/4149\/revisions"}],"predecessor-version":[{"id":4152,"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/posts\/4149\/revisions\/4152"}],"wp:attachment":[{"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/media?parent=4149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/categories?post=4149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wjst.de\/blog\/wp-json\/wp\/v2\/tags?post=4149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}