Well, 'The Martian' made the money spent on it and more. It is up for debate how much the rocket sent to Mars has given back on the investment. And by this I mean that it's an apples to oranges comparison.
It's not a problem with the investment itself but inability of economics to evaluate such investment decisions. A lot of externalities like positive PR for the scientific progress of the country, research outputs that can benefit in other areas, etc., can't be evaluated with just money. Not in the least in the timelines that investment firms (and movie industry) usually work at.
> research outputs that can benefit in other areas
This is the most important thing. A lot of military technology in India, especially missile tech, originated at ISRO. And was spearheaded by former President APJ Abdul Kalam, who worked at both ISRO and DRDO (Defense Research and Development Organization).
I don't know. There was a lot of R&D that went into that probe. That was the FIRST probe to ever have that type of methane sensor put into interplanetary orbit. I would think the intellectual property would be worth quite a bit.
>And by this I mean that it's an apples to oranges comparison.
Sadly, almost anyone responding to you is not understanding this. I had the exact same thought when I read the headline (even before I knew this was about India or women - I was expecting some private enterprise...).
Your comment doesn't take away from the achievement. Comparing it to the cost of a movie is just pointless.
Investing in space exploration may not give you returns on investment in short run but it helps humanity learn more about the vast expanse that surrounds us and affects our day to day lives.
Paul Graham is wrong. There's a finite amount of wealth. His idea of "creating wealth" is simply expending energy in order to transform some thing into a more valuable configuration; both fixing a car and writing a computer program fall into the category of rearranging atoms into more valuable configuration.
But energy itself is also a form of wealth, and there's only so much of it in the universe (and, more relevantly, on Earth) and only so much available to be used per unit of time.
In other words, you can bake another pie, but not without using some of the flour in your pantry and some gas to run the oven. Once the flour runs out, you're done baking pies.
This is a complete non-sequitur. What you've said is that energy is a form of wealth, and energy is finite, therefore wealth is finite. It doesn't begin to follow; what about forms of wealth other than energy? You even admit those exist when you say "transform [something] into a more valuable configuration".
The only other forms of wealth are matter, which is even more limited than energy, and information, which is theoretically infinite but practically requires matter and/or energy to be stored and/or processed.
Can you give an example of a form of wealth that's infinite in amount?
Even if we built a Dyson sphere, we would not be creating wealth, we would just be making available to ourselves more of the wealth that's already out there.
So if solar flux is zero-sum, then farmers are appropriating sunlight that would otherwise be productive in other ways. All they're doing is using carbon as energy transport, not "creating" anything per se.
I didn't think "the universe has a finite capacity" to be such a controversial idea.
Look, if you use land for farming then you can't use it for something else, right? And the Earth has a finite surface, right? So once all arable land has been farmed and all other land has been allocated for other uses, then necessarily land allocation will become a zero sum game.
If wealth can just be created ex nihilo then human population should be able to grow without bounds, no? The pie is a lie, after all. We can just bake more pies. I don't see how that's possible when both space and food production capacity are bounded.
I'm not sure what you both are on about regarding entropy and cycles, but my point was that raw materials can be used in different ways, productively (converting those raw materials/labor to a more useful form) and wastefully (converting those raw materials/labor to a form that has no "durable value", even if some people make "money"/"wealth").
