The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Scientific Research and Invention

Collection:: Economics Books

120 The Stock Market Crash—dAnd After a vocation and was seldom appreciated until the inventor was dead and not even then unless the inven. tion was important. Even within the memory of men now living the business world looked askance upon inventors and upon scientific work in general, which was largely confined to the universities. The self-made business man would sometimes say that he would have noth- ing to do with a college-bred man in his establish- ment. On the other hand, the university man of the academic type, was equally contemptuous of the man who was merely making money. It is said of Professor Louis Agassiz that when he was asked why he did not use his brains to build up a fortune, he replied that he was too busy to make money. J. Willard Gibbs, the greatest scientist America ever produced, the Isaac Newton or Einstein of America, lived out his days obscure and unappreciated except among a small group of specialists. It is now said of Gibbs that unlike any other scientist, none of his work has ever been undone. It is also said that in the metallurgical industry alone, billions of dollars have been made, thanks to J. Willard Gibbs. But it probably never crossed his mind that he was laying the foundations for others to make money. His studies were made from the hope of pure science alone. But after 1919, something happened. The impli- cations of it are not yet sufficiently gauged. It was of enough significance to cause President Hoover's Committee on Recent Economic Changes to remark

Access restriction

Copyright

fullscreen: The stock market crash - and after

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation