Why we do things... John Kay

The Physics of Finance 2014-02-20

Not everything we do, not even most of it, is done for profit, or with other practical aims in mind. John Kay:
In 1969 Robert Wilson, director of the National Accelerator Laboratory, was testifying before the US Congress. He sought funding for a particle accelerator (forerunner of the Large Hadron Collider at Cern where the Higgs boson was discovered in 2012). Asked by Senator John Pastore how his project would help defeat the Russians, he responded: “It only has to do with the respect with which we regard one another . . . are we good painters, good sculptors, great poets . . . new knowledge has nothing to do directly with defending our country except to help make it worth defending.”