ABSTRACT

In Chapter 6 we find the direct economic results of education and science, mankind’s creation of industry. Industry is a chain process: perception of need; imagining a response; design, research and testing; hands-on development of the product or service; further testing, marketing and distribution; and assessing profit, not only financially, but in terms of brand and reputation. For the successful, the cycle is repetitive and self-improving. Homo faber, the maker, also knows failure, often a cause of complex worker relations and the fear of unemployment. The utilitarian but cautious human, ever aware of falling short of his hopes, applies far-seeing prudence to the launching of new ventures.