In 1977, before I went up to Cambridge to study mathematics, I worked - "interned" as one would say nowadays - for six months at IBM's then UK headquarters at North Harbour (just north of Portsmouth). My team's job was mathematical modeling of IBM's internal information-processing systems, which operated on 370-series mainframes. It was an exciting time for me as I discovered for the first time that I had knowledge and skills that people would actually pay for. Not that these were particularly sophisticated... I remember having to give a painstaking explanation of why the geometric-series formula 1/(1-x)=1+x+x^2+... can be applied when x is a square matrix.
Towards the end of my internship, my manager asked me to work out a modeling assignment for a different group who were concerned at the rapid growth of demand for the service that they ran. How long, their manager (a rather senior figure) wanted to know, could they continue operating effectively with their present hardware. My colleagues watched with some amazement as their brash seventeen-year-old wunderkind presented his conclusions to the pinstriped executive. "Your system will freeze solid in six months", I said.
Will the Steady State Economy Be Funded?
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by Kali Young
The U.S. nonprofit sector is a $1.4 trillion industry. If it were a
country, it would be one of the world’s largest economies. Wealthy
indi...
3 days ago