Edgar Fiedler Quotes
The general public still expects a lot more forecasting accuracy than any of us can deliver.
Fiedler, Edgar R. "Economic Forecasting." The Fortune Encyclopedia of Economics, edited by David R. Henderson, Warner Books, 1993.
More and more scientific researchers and technologists were using research tools that they did not fully understand and sometimes did not understand at all.
The pressure on the military to produce positive results has existed in almost every war America has fought. In combat Patton may have been the most aggressive American general who produced very quick results. Yet he too felt the pressure.
We have two opposite dynamics operating today. On the one hand the scientific breakthroughs like Quantum Mechanics and genetic engineering widen the intellectual gap immensely between the average person (and politicians) and the scientist—at a time when society must make enormous decisions on scientific matters. On the other hand, there have never been so many people before educated in the sciences. There are many (not a majority) high school students who today understand Relativity and even well and broadly educated non-science college graduates are often familiar with Relativity, Quantum Mechanics, and other scientific breakthroughs of the 20th century. The world as a whole has never had so many scientifically literate people as today, nor has it ever had so many scientifically illiterate people today.
Edgar Russell Fiedler was an American economist who served as Vice President of The Conference Board and as Assistant Secretary of the Treasury for Economic Policy (1971 - 1975) during the presidencies of Richard Nixon and Gerald Ford. He authored "The Roots of Stagflation".