extrapolation is almost always wrong (except in the short term). Jim -----Original Message----- From: Eubulides [mailto:[EMAIL PROTECTED] Sent: Wed 12/17/2003 4:43 PM To: [EMAIL PROTECTED] Cc: Subject: Re: [PEN-L] what knowledge economy?
----- Original Message ----- From: "Devine, James" <[EMAIL PROTECTED]> Who is Derek De Solla Price and what does he say in general? ================= He was the originator of what is known as scientometrics; a strategy for measuring the rate of growth of scientific knowledge. He wrote a very influential book called 'Little Science, Big Science' back in the optimistic part of the 1960's and later updated it. He asserted that if the growth trajectory of science continued at the rates observed since 1750 we would have two scientists for every man, woman, child and dog sometime this century. It was/is known as the scientific doomsday argument. F.M. Scherer has worked out some of the implications of D dS P's argument for productivity growth in his book "New Perspectives on Economic Growth and Technological Innovation" which Michael Perelman called F.M. Scherer lite. Ian