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09/04/16
Economics of the Chemical Enterprise.
Filed under: Interviewing, Position Searching, Recruiters, Leadership, Legal matters, Observ. Trends, Alternate Career Paths
Posted by: site admin @ 8:58 am

The global pace is speeding up.  To meet the needs and
interests of members and institutional stakeholders the
Society needs to incorporate broader and deeper aspects
of economics in the technical and scientific aspects of
the chemical enterprise.

.
Think:  mergers and acquisitions; government funding of
CDC, EPA, NIH, chemical research;  international trade
arrangements; patent implications for different industries;
water, power, recycling…
.
This post recognizes the development of sustainability,
green chemistry, and internationalization of programs.  
Other organizations [ 1 , 2 ] have pointed out deeper and
broader economic implications. ACS has an ongoing
organization
to continuously update “historical” data for
members.   
.
We need to access disciplines that will continuously
FORECAST business cycles that affect the chemical
enterprise and describe implications to members and
constituents.
.
Robert Colvile has described how 
- more attention is paid to one issue rather than the
gradual and incremental changes all around us
- flashy and superficial is promoted
- faster and shorter-lasting dominates
- ease of money, ideas and pathogens moving around
with less friction and checking means disaster can
happen before we are aware
- industries and companies can disappear with a click
of a network or computerized trading micro-second
- trajectories are nonlinear and interruptable
.
One strategic area ACS needs to grow and foster
is economic forecasting.  This blog has reviewed
Tetlock’s Superforecasting and it is appropriate to 
bring up the Good Judgment Project as a seed for how
the ACS might bring economic forecasting to help
members.

2 Responses to “Economics of the Chemical Enterprise.”

  1. site admin Says:


    Might be worth looking at:
    http://blog.nesacs.org/index.php?s=economics
  2. site admin Says:


    A sampling of Economics articles:
     The Economist 5-21-16 p. 19, Antibiotic resistance: The grim prospect  
    The Economist 3-19-16, p. 71, Schumpeter: Team Spirit… working in teams 
    The Economist 2-20-16 , p. 59. Schumpeter: The measure of a man 
    The Economist 1-2-16, p. 52. Schumpeter: Social saints, fiscal fiends
    The Economist 11-14-15 p. 80. America’s Brain Initiative. The Observer Corps. 

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