Comment by kranke155
1 year ago
Just reading the book The Idea Factory, it was incredible amount of innovation. Lasers, early satellites, transistors.
And it was all done, apparently, at least in the beginning, because they hired smart people and they let them do what they wanted.
Almost all of the things I can think of that came from bell labs are things that helped their business. The only thing that I don't know how it helped their business was Hemo the Magnificent and similar films; but I'm sure those helped with PR.
Monopoly may have helped them pay for such r&d, but vertical integration is what made it possible for so much r&d to be relevant to the business.
I think it ended up helping their business because they deliberately made it so later, but it’s not clear how some inventions would help their business in advance. From the book there was quite a few things that sat on the shelf for years until someone figured out a way to use them later.
All true, but monopoly profits sure help.
As do high corporate tax rates
I know the author, Jon. Delightful guy
unix, c and c++ too.
And S, the statistical data language that was the ancestor of S-PLUS and R.
did not know about that, thank you.
Haven't gotten to that part of the book.
They don't cover it in the book, unfortunately. A serious omission, in my eyes.