An on-line discussion board in 1907
Interesting that girls as well as boys were participants in this network.
Using networking technology for a stock trading edge, 1914-style
A precursor of today’s high-frequency trading
Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
An on-line discussion board in 1907
Interesting that girls as well as boys were participants in this network.
Using networking technology for a stock trading edge, 1914-style
A precursor of today’s high-frequency trading
(Over at Ricochet, James Pethokoukis has a post/thread on French president Macron’s call for American scientists and engineers to move to France. In comments, someone asked John Walker (cofounder of Autodesk) whether Macron could lure him to France “as part of a Silicon Valley Rhone or Loire?” Walker’s response is also in the comments. Also, this post from 2006/2009 about some earlier efforts at top-down technology-industry planning in Europe seemed relevant, so I linked it there as well.)
The invention of the transistor was an event of tremendous economic importance. Although there was already a substantial electronics industry, based on the vacuum tube, the transistor gave the field a powerful shot of adrenaline and brought about the creation of vast amounts of new wealth.
As almost everyone knows, the transistor was invented by John Bardeen, Walter Brattain, and William Shockley, all researchers at Bell Laboratories, in 1946. But a recent article in Spectrum suggests that the true history of the transistor is more complex…and interesting not only from the standpoint of the history of technology, but also from the standpoint of economic policy.
The story begins in Germany, during World War II. Owing to short-sighted decisions by the Nazi leadership, Germany’s position in radar technology had fallen behind the capabilities of Britain and of the United States. (Reacting to the prospect of airborne radar, Herman Goering had said “My pilots do not need a cinema on board!”)
But by 1943, even the dullest Nazi could see the advantages that the Allies were obtaining from radar. In February of that year, Goering ordered an intensification of radar research efforts. One of the scientists assigned to radar research was Herbert Matare, who had been an electronics experimenter as a teenager and had gone on the earn a doctorate.
A key issue in military radar was the need for shorter wavelengthswhich allowed for better target resolution (such as the ability to pick up the periscope of a submerged submarine) and also facilitated the miniaturization of radar equipment. Vacuum tube diodes (diode: a device that allows electricity to travel only in one direction) did not work well at these wavelengths, because the distance between the electrodes in the tube was too large. Matare was working with an alternative: crystal rectifiers similar to those he had tinkered with as a teenager.
In the course of this work, he noticed that when configured in a certain way, a device made of germanium could do more that provide a one-way gate: it could amplify. A small signal could control a more powerful current. In principle, the vacuum tubefragile, bulky, power-hungry, and hot-runningcould be replaced with devices of this type.
Focused on his war work, Matare did not have time to pursue the possibilities of his invention. (And very fortunately, he and his colleagues in German science and industry never came close to matching the Allied achievements in radar.) After the war, Matare moved to Paris and went to work for a Westinghouse subsidiary, Compagnie des Freins et Signaux Westinghouse. There he met Heinrich Welker, another German, a theoretical physicist who, remarkably, had also developed a transistor-like device, and the two men began working together on understanding the technology and its potential. After they began obtaining consistent results, in 1948, they contacted the director of the PTT, the French government agency responsible for posts and telecommunications. He was too busy to come by for a demonstration. But after the announcement of the transistor by Bell Labs in July of that year, there was a sudden upsurge of interest in the Welker/Heinrich project, and the PTT minister found time to visit the lab. He urged them to apply for a French patent on the device and also suggested that they call it by a slightly different name: the transistron. By 1949, the device was in limited commercial use: first as an amplifier on the Paris-Limoges telephone line, and later on the lines running from France to Algiers.
The Spectrum article tells what happened next: not much. But the French government and Westinghouse failed to capitalize on the technical advantages in semiconductors that they then appeared to have. After Hiroshima, nuclear physics had emerged as the dominant scientific discipline in the public mind, and nuclear power was widely heralded as the wave of the future. France became enchanted with pursuing the nuclear genie unbottled in the 1940s, while ignorant of its promising transistron.
Portland, Oregon hosts “fleet week” where navy ships (including from Canada) dock alongside the river right next to downtown and offer tours and set up booths and the like. This year I was excited because USS Jackson, an Independence Class Littoral combat ship was arriving and I would get to see what an advanced combat craft looks like up close. I also found out a key link to “disruption” which has been a theme of my recent analysis and posts.
The first thing you notice is the unique hull (compared to traditional warship designs). This design is supposed to let it operate in shallow waters near coastlines and also deliver very high speed – up to 50 knots – although the top speed is classified. The navy had a chain link fence up and armed guards with M16 weapons and a sign saying “use of deadly force authorized” so they were not kidding around.
That same day I received my copy of “Modern War”, a magazine published by Strategy and Tactics Press (and I highly recommend that you subscribe to their publications, they are a solid and interesting publishing house) which just happened to profile the Independence Class ships on p68-70 of their July – August issue. Some highlights:
They are controversial because of their limited basic armament and expensive construction costs. Senior naval leaders argue the mission flexibility and extensive automation provide a vast array of capabilities with fewer personnel and platforms than traditional designs. Construction and operating costs dominate budget discussions and headlines because they come ‘up front’. Today, however, personnel costs constitute 62% of the annual Department of Defense Budget.
Customized blazers made on-site in about 90 minutes. (Some might call this product more of a cardigan.) More from the retailer and the equipment manufacturer.
Benefits of this approach compared with the traditional process include better fit, reduced fabric waste (indeed, the process starts with yarn rather than with fabric), elimination of seams for better durability, and avoidance of inventory vs demand mismatches. OTOH, the machine is priced at $190,000 and for a store with high volumes, several of them are going to be required. I’m not sure whether this will be only a niche product/service or whether it heralds the beginning of a sea change in the traditional cut-and-sew method of apparel production…surely something that will come sooner or later, with vast consequences.
This innovation reminded me of a story from pre-industrial-revolution days. In 1589, an Englishman named William Lee invented a device called the stocking frame, which aimed to greatly improve the productivity of knitting the material for the stockings that were then in vogue. According to a common story, he was motivated to create the machine because when he came to call on a girl he was sweet on, she persisted in paying more attention to her knitting than to him. So his intent was either (a) free up her time so she would have more (hopefully) for him, or (b) get revenge on her for rejecting him. (I’d rather think he was naive (version A) than vicious (version B))
He then arranged to demonstrate the machine to Queen Elizabeth, hoping for a patent. In one version of the story, she expressed disappointment that the machine was only good for wool and told him to come back when it could also handle silk…which enhancement he was indeed able to accomplish. In any case, Elizabeth ultimately rejected the device because of concerns about technological unemployment:
Thou aimest high, Master Lee. Consider thou what the invention could do to my poor subjects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars.
The inventor moved to France and was there granted a patent by Henry IV…he began successful manufacturing of stockings in Rouen, but the King’s assassination in 1610 made the political climate for the venture untenable. William Lee lived out the rest of his life in poverty. It appears that in the late 1600s an improved version of the machine was re-introduced to England by Huguenot refugees from France, this time successfully, and further improvements were made over time, including the ability of the machines to work with cotton. These improved versions were however too expensive for most artisans to purchase on their own, and they were generally rented out by the same entrepreneurs who provided the framework knitters with their raw materials and purchased their resultant product.
An interesting article on William Lee and his machine here.
The Worshipful Company of Framework Knitters has a wonderful coat-of-arms featuring William Lee and the object of his desire, with the machine between them.
It seems that octopuses have the ability to edit their RNA dynamically.
An interesting piece on FDA regulation and medical device innovation.
Zymergen has automated part of the drug discovery process via a combination of robotics and machine learning.
Is there an artificial intelligence misinformation epidemic?
Cotton spinning – a quintessential technology of the Industrial Revolution – returns to England.
But to what degree will spinning, as well as weaving, cutting, and sewing, be replaced by 3d printing of clothing?
James L Taylor Manufacturing, a 106-year-old company making clamps and other woodworking tools sold to producers of furniture, flooring, and cabinets, recently introduced a robotic nester…it replaces the work of a human nester who “snatches boards coming off a conveyer belt in random lengths, hastily rearranges them so that each row of one to five pieces is so long, and bundles the rows into a stack.” One mill in Mississippi placed an urgent order for 3 of these (at $115K each) with the explanation: “I have eight nesters and four of them just called in sick.”
What is especially interesting about this is that the robotics system was not developed by hiring consultants from MIT or Silicon Valley; the company’s chief engineer (also part-owner of the company) designed the machine himself and wrote the 7000 lines of C++ code to run it. Reminds me of the cucumber sorting machine developed by a Japanese guy to help out on his parents’ cucumber farm..although that system was developed for the family’s own use rather than as a saleable product as with the robotic nester.