Capitalism Demands Faith in Scientific Progress

Scienti

 Credit is Trust in the Future

We’ve already seen that money is an astounding thing because it can represent myriad di

 Einstein's "Biggest Blunder"

For much of the modern era, scientists followed Nicolaus Copernicus, Galileo Galilei, and Isaac Newton in believing the cosmos to be eternal and unchanging. But in 1917, when Albert Einstein applied his theory of relativity to space-time as a whole, his equations implied that the universe could not be static; it must be either expanding or contracting. This struck Einstein as grotesque, so he added to his theory a fiddle factor called the "cosmological constant" that eliminated the implicatio...

 The Marriage of Space and Time

The marriage of space and time that heralded the modern era began with the marriage, in 1864, of electricity and magnetism. This remarkable intellectual achievement, based on the cumulative efforts of great physicists such as AndrŽ-Marie Amp�re, Charles-Augustin de Coulomb, and Michael Faraday, was capped by the brilliant British physicist James Clerk Maxwell. He discovered that the laws of electricity and magnetism not only displayed an intimate relationship with one another but together ...

 The Birth of the Modern

The so-called 'scientific revolution', popularly associated with the sixteenth and seventeenth centuries, but reaching back in an unmistakably continuous line to a period much earlier still. Since that revolution overturned the authority in science not only of the middle ages but of the ancient world—since it ended not only in the eclipse of scholastic philosophy but in the destruction of Aristotelian physics—it outshines everything since the rise of Christianity and reduces the Renaissan...