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<p>[QUOTE="kaparthy, post: 1806317, member: 57463"]Does physics have a future? When Sir Isaac Newton published the Principia, London was a town of 600,000 with a median age of about 22. Infant mortality aside, few people lived past 35. When I was a teenager in Young Americans for Freedom, liberals made fun of "horse and buggy conservatives." Of course, today, you would need a lot of disposable income to afford to keep a horse -- and you could make a good income as a ferrier, making horseshoes.</p><p><br /></p><p>Forgive me for being pompous (a noun goes with that as a cliche) but my master's (2010) is in social science and I assure you that Jane Jacobs was dead on when in <i>The Economy of Cities</i> she blew Peter Schumpeter ("creative destruction") out of the water by citing example after example of old forms and old ways that continued via change so that ultimately, George Selgin of the Austrian School of economics could write about <b><a href="http://mises.org/library/30741/Good-Money-Birmingham-Button-Makers-the-Royal-Mint-and-the-Beginnings-of-Modern-Coinage-17751821" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://mises.org/library/30741/Good-Money-Birmingham-Button-Makers-the-Royal-Mint-and-the-Beginnings-of-Modern-Coinage-17751821" rel="nofollow">The Birmingham Button Makers</a></b> who created the first truly modern coinage.</p><p><br /></p><p>I predict - I have predicted - that in the future, people will collect collections: meta-collecting. "Oh, I have a complete set of Michigan Blueberry Seeds.... Oh, I have a complete set of Peace Dollars...." We see this already in the "Registry Sets." </p><p>("Oh, look, I have a set of registered coins!") </p><p><br /></p><p>It has long been true that the serious collectors in numismatics have purchased other people's whole collections running into the thousands. </p><p><br /></p><p>Numismatics has the same future as horses... or cars... or airplanes... or radios... or Rock 'n' Roll...[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1806317, member: 57463"]Does physics have a future? When Sir Isaac Newton published the Principia, London was a town of 600,000 with a median age of about 22. Infant mortality aside, few people lived past 35. When I was a teenager in Young Americans for Freedom, liberals made fun of "horse and buggy conservatives." Of course, today, you would need a lot of disposable income to afford to keep a horse -- and you could make a good income as a ferrier, making horseshoes. Forgive me for being pompous (a noun goes with that as a cliche) but my master's (2010) is in social science and I assure you that Jane Jacobs was dead on when in [I]The Economy of Cities[/I] she blew Peter Schumpeter ("creative destruction") out of the water by citing example after example of old forms and old ways that continued via change so that ultimately, George Selgin of the Austrian School of economics could write about [B][URL='http://mises.org/library/30741/Good-Money-Birmingham-Button-Makers-the-Royal-Mint-and-the-Beginnings-of-Modern-Coinage-17751821']The Birmingham Button Makers[/URL][/B] who created the first truly modern coinage. I predict - I have predicted - that in the future, people will collect collections: meta-collecting. "Oh, I have a complete set of Michigan Blueberry Seeds.... Oh, I have a complete set of Peace Dollars...." We see this already in the "Registry Sets." ("Oh, look, I have a set of registered coins!") It has long been true that the serious collectors in numismatics have purchased other people's whole collections running into the thousands. Numismatics has the same future as horses... or cars... or airplanes... or radios... or Rock 'n' Roll...[/QUOTE]
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