56:054 Engineering Economy
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56:054 Engineering Economy
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Forecasting Errors "That's an amazing invention, but who would ever want to use them?" -- President Hayes talking about the newly invented telephone to Alexander Graham Bell, 1876. "It doesn't matter what he does, he'll never amount to anything." --Albert Einstein's teacher to his father, 1895. "1930 will be a splendid employment year." -- U.S. Department of Labor, 1929. "The problem with television is that the people must sit and keep their eyes glued on the screen; the average American family hasn't time for it." -- New York Times, 1939. "We have reached the limits of what it is possible to achieve with computer technology." -- Computer scientist John von Neumann, 1949. "The concept is interesting and well-formed, but to earn better than a 'C,' the idea must be feasible." -- Yale professor grading student Fred Smith's proposal for Federal Express. (Cached from Economist)
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