I'm an inventor. I became interested in long-term trends because an invention has to make sense in the world in which it is finished, not the world in which it is started. ↗
In other words, what is supposedly found is an invention whose inventor is unaware of his act of invention, who considers it as something that exists independently of him; the invention then becomes the basis of his world view and actions. ↗
I maintain that many an inventor, many a diplomat, many a financier is a sounder philosopher than all those who practice the dull craft of experimental psychology. ↗
I do not think there is any thrill that can go through the human heart like that felt by the inventor as he sees some creation of the brain unfolding to success... such emotions make a man forget food, sleep, friends, love, everything. ↗
It's as great a part of the human adventure to invent things as to understand them. John Randall wasn't a great scientist, but he was a great inventor. There's been lots more like him, and it's a shame they don't get Nobel Prizes. ↗
Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles. ↗