There are many aspects I agree with in this essay, in particular the need for a comprehensive approach to scientific advancement. However, the analogy to a Capitalist Economy needs to take into account the problems of that economy, especially monopolies and power struggles. Adam Smith’s Invisible Hand of a free market system has shown itself to be quite visible to those in power. While the statement is made “Fortunately, the capital economy has addressed this issue by establishing antitrust laws and regulations to prevent monopolies.”, the statement presumes an entire governmental structure imposed on the Capitalist Economy such that it can direct and control that economy. And, as can be seen in the world today, that governmental structure can be corrupted, which then allows the capitalist economy to be corrupted.
In parts of your essay, you appear to be discussing the governmental side more than the capitalist economy side - without explicitly acknowledging the importance of an entity that can enforce rules and antitrust laws in a capitalist economy.

There is also the concern that capitalist economies run on the presumption of consumerism - that people will buy ‘things’ (any ‘things’). One of the difficulties of science is that only technology produces ‘things’ that the general populace can consume. ‘Ideas’, as concepts are not marketable - they are too ethereal to have intrinsic value. So it appears the analogy is that research papers and articles become the ‘things’ that science consumes. The reference to peer-reviewed journals and arXiv (and viXra) would appear to support papers and articles as the ‘things’ the scientific economy would run on. Are these items adequate ‘scientific things’ that can be associated with value and transferred between people, as analogy with a capitalist economy? (What else could there be?)

I think your problem with identifying ‘start-ups’ comes from this issue of identifying what can be consumed and provide value in the scientific economy. Technology is required for the general population, however identifying the ‘scientific things’ that can provide value to other sceintists would appear to need some attention. Furthermore, this media age has greatly expanded the possible ’scientific things’ beyond papers and articles (e.g., videos, animated simulations, annotated digital twins). To insist on only preprints, publications, and grant proposals maybe a starting point, but misses the changes in the larger world happening today.

Returning to the traditional ‘scientific things’ of preprints and publications - how could your credit system work for this essay contest? For FQXi? I will note that a couple years ago for the FQXi essay contest an attempt was made to rate essays on a scale - which, in my opinion, failed through people gaming the system and down-grading essays that competed with their own or which an author disagreed.
I would be quite interested in attempting a system similar to what you propose, it just brings me back to the governmental structure that is required to ensure fairness that a free market system lacks. Unless self-correcting feedback systems can ensure fairness (economists have made suggestions), I believe such an enforcement structure is needed.

    Vladimir Rogozhin
    It is not a single project per se. The credit/role system should be implemented field-wise. So there could be many projects. Everyone is welcome to start experiments with the proposed quantitative system, including small eprint servers, dedicated peer review platforms, for-profit or non-profit. I don't have the resources to play any of the leading roles, but I can definitely be a consultant for any of these projects.

    I have just updated the full preprint posted at OpenReview.net:
    https://openreview.net/forum?id=E144GC5Vgw6
    You may find relevant new discussions at the end of the article.

      Donald Palmer
      Thanks a lot for your detailed comments. You may take a look at my just updated full preprint posted at OpenReview.net:
      https://openreview.net/forum?id=E144GC5Vgw6
      You may find many of your questions addressed in the 2nd section of the appendix. Here is a recap.

      What is the point of the analogy to a capitalist economy? The basis of the analogy is that both systems are driven by cycles of innovation. However, there are fundamental differences between the tangible products of a capitalist economy and the much less tangible outcomes of research. These differences necessitate a complex peer review process for evaluating scientific progress, which is the central focus of this article. Nonetheless, addressing this unique peer review procedure requires considering potential issues associated with start-ups and monopolies that are common to both and that could impede innovation. The point is that capitalist economies have been more successful in dealing with these issues than scientific research, which is both unfortunate and inexplicable.

      How can the scientific community do better than the governmental structure that is meant to prevent monopolies in a capitalist economy, which can often be corrupted? While it is true that the capitalist economy and its regulatory government are not flawless, they do have a democratic mechanism in place that promotes fair competition and fosters healthy innovation. In contrast, the scientific community can be perceived as more authoritarian than democratic, i.e., not even up at the level of the capitalist economies. As a result, unorthodox ideas in science often face gatekeeping barriers to recognition and acceptance.

      The proposed system advocates the principles of democracy and diversity that can truly preserve the freshness and vitality of the driving force of innovation. Considering the rigorous nature of scientific research, there is good reason to believe that a properly implemented system could significantly enhance the self-regulating structure within the scientific research community, making it more robust.

      In scientific research, ideas embodied in preprints, publications, and proposals can be considered the ``products''. But are there more tangible products in science, comparable to the marketable goods produced in the economy? In the realm of basic science research, ideas are undoubtedly the most important output, and the proposed review system is particularly well-suited for evaluating such results. On the contrary, when it comes to research focused on applications and technology, more tangible products emerge, some of which even lead to the creation of start-up companies in the capitalist economy. We argue that applied research progresses more effectively than basic research, precisely because of the existence of such tangible products. The real challenges lie in basic science research, where progress seems to be increasingly stagnant, and cases of meaningless work or fraud have become all too common.

      Simple rating systems like what FQXi has done are flawed and easy to game upon. Fortunately, the proposed system has built-in measures to counteract such attempts. In particular, the credit rewarding process is dynamic and can be continuously fine-tuned, rendering any gaming efforts ultimately ineffective. In addition, with the aid of advanced machine learning techniques, we can further enhance the system's performance and robustness as we accumulate a larger dataset of statistical information.

        Your response has addressed several items I pointed out - thank you.
        I am all for finding a better way - and it will likely take some stumbles in the process.
        Having been in a few 'develop a concept and implement it' situations, attempting the 'Big Bang' approach where everything is changed all at once has proven quite ineffective. So aiming initially at arXiv might not prove the better approach. Might there be a small 'test' or Proof of Concept situation to try it out on?

          Donald Palmer
          Thanks again. I actually think that smaller new platforms could do better. Here are relevant paragraphs of discussion quoted from my preprint ( Sect. B2 on page 21):

          Ideally, the most suitable place to implement the system would be on large preprint
          service platforms that are widely used within a given field. However, due to its entrenched
          dominance and inertia, the largest eprint server, arXiv.org, does not allow comments or
          reviews, let alone a quantitative review system. Although this path would have been the
          most efficient, it appears to be a long shot.

          Conversely, emerging smaller preprint servers like bioRxiv and medRxiv are more
          willing to try new ideas and could play a more significant role in the adoption of the pro-
          posed system. In addition, newly established dedicated review platforms such as PRE-
          review.org, ReviewCommons.org (non-profit), and ReviewerCredits.com (for-profit) could
          gain increased recognition and significantly expand their user base by implementing the
          new system. Interestingly, a for-profit company called ScienceOpen.com, which offers
          both preprint/publishing and peer review services, has already implemented most of the
          required structures except for the new credit/role system. It may soon demonstrate the
          desired effect through a relatively straightforward integration of the new quantitative sys-
          tem.

          Any of the aforementioned platforms would be suitable for starting experiments with
          the new system. There is no need to first build a national or international community
          structure from scratch. Nor is it necessary to implement all aspects simultaneously. How-
          ever, it is crucial to first establish the basic credit/role mechanism as proposed.

          I've just got in contact with these platforms. Some immediately showed interest. Hopefully at least some of the proposed ideas will be tried out soon.

            Interesting solution of community-based structure for all members with proper scientific training but wonder about the equal participation. The analogy to that of a capitalistic economy also interesting in terms of evolutionary cycles and formation of monopolies. Your reference to corporations and the business community disruptive innovation seems similar to the Externalities essay. Yours is a more structured approach regarding the solution of community-based structure driven by the scientific community. The scope of your solution does not mention competing command economies that are mention in the Externalities essay where a community-based solution would not be tolerated. Your essay does focus on how science could be different and does cite the influence of capitalist development but not its overpowering influence. Both your essay and the Externalities essay do mention the required scientist's role in adopting change. I will rate your essay high in its direct focus on the problem posed by the contest.

              IvoryLungfish
              I look forward to watching (at least) these platforms you mention. Thank you.

                The author elaborates on a system similar to a capitalist economy. We need a change of science now, which is really too bureaucratic.
                In my essay, I also mentioned a comparison with the capitalist economy and with the communist economy in a few sentences. But the author made a full analysis. I hope that some changes will be make one day.
                But we should know that such a system is only the beginning and needs to be corrected and upgraded. For instance, not all A0 and A-1 will deserve this assessment, a big majority will, but some will not, etc.

                  8 days later

                  I really appreciate your proposal and I too have often thought of a similar system capable of guaranteeing due recognition to the work of a scientist, also in analogy with the economic credit system that you propose. However, I always get stuck on the following problems, someone is already highlighted in this forum.
                  1) A credit-based system would bring into science all the distortions of economics, including many injustices. The good scientist would now try to do a good job, perhaps innovative and groundbreaking, hoping to get the right recognition. A credit-based system would push the scientist to act for "profit". The upstarts would be incentivized. I give an example. In 2012 an article was published on arXiv (not peer-reviewed) proclaiming the experimental discovery of superluminary neutrinos. In the following weeks we saw on arXiv an indecent proliferation of preprints with the most bizarre theories of violation of general relativity. All these authors had wide visibility in those days and perhaps even managed to publish in journals, while an honest scientist would rightly have waited for the peer-review of the research before embarking on such speculations to collect "credit". According to your model these authors would have earned credit when their works are actually rubbish in the test of fact.
                  2) Credit monopolies and credit trade would be created (I have personally already noted the existence of a not-always-honest citation traffic in scientific literature). We are all familiar with the opportunistic nature of man. Authors or institutions amassing a huge volume of credits would crush any competitor, regardless of the validity of the proposed ideas.
                  3) The economy is extremely short-sighted and is only interested in the profit it will have tomorrow without worrying about the catastrophes that will happen the day after tomorrow (see the responsibility of the consumerist system in the problem of global warming and its inability to limit itself to avoid it). On the other hand, science is absolutely forward-looking. "Why, sir, there is every probability that you will soon be able to tax it!" Said Faraday to William Gladstone, the Chancellor of the Exchequer, when he asked about the practical worth of electricity. Peter Higgs had to wait 50 years to see his theory "confirmed", Einstein had to wait years before being noticed, and some scientists were unable to see the fruit of their ideas before their death. A credit-based mechanism could reduce science to a profit calculus, obscuring the thirst for knowledge and unconditional intellectual curiosity that should instead be a scientist's main motivation.

                  arXiv can be considered a very partial realization of your project if you consider that each preprint on arXiv (or arXiv moderation) corresponds to credits. Thus in recent years, we have seen a growing increase in the volume of publications under the logic of "publish or perish" rarely accompanied by real scientific progress or new ideas (I would say that this has prevented new ideas). Thanks to arXiv, theoretical physics is stuck at 20 / 30 years ago.
                  All these distortions I talk about and the negative consequences they are bringing to science are mentioned in my essay "The Name of the arXiv: when too much zeal is an obstacle to science".

                    James Hoover
                    Thanks a lot for your interest. I also wish you good luck in the competition. My goal is not so much about winning in this essay contest, but rather about gaining needed attention to implementation of the proposed system in the real world.

                      Janko Kokosar
                      Yes, the proposed system is a dynamic one and need to be fine-tuned, especially at early stages. Just as elaborated in the full preprint posted at OpenReview.net:
                      https://openreview.net/forum?id=E144GC5Vgw6
                      A-1 category is reserved for truly detrimental (fraudulent or plagiaristic) works. While some in A0 could be truly garbage or useless, we hope it could be minimized due to the incentive system. As discussed in the preprint (see A.2, page 17), it is more likely to be a placeholder for fringe science or disruptive ideas that have not yet been recognized by the community. Under the new system, the good ones will eventually be credited.

                        Donatello Dolce
                        Thanks a lot for your detailed response. I'll try to be concise in my reply to your points. More details can be found in my preprint posted at OpenReview.net:
                        https://openreview.net/forum?id=E144GC5Vgw6

                        1) (see the time factor in A1 on page 17, middle of page 22, etc.; also last paragraph of post #18). In essence, the proposed system is dynamically calibrated. All the rating/review activities are staged, and only the current one is used for calculating credits. This will effectively defeat such gaming behaviors. For the example you mentioned, yes, those articles regarding superluminary neutrinos could have gained more credits in the early weeks or possibly months. But late in 2012, the scientific community discovered the errors. According to the proposed system, the credits will be re-calculated for such events. No system is perfect. But the proposed one is based on the trust of the scientific community as a whole. So at least, we can reduce the blocking force from elite circles and encourage early attempts (either disruptive ideas or error-corrections).

                        2) Again, the system is dynamic with many built-in measures to prevent gaming (see Appendix sections in the preprint). No calculated credits are final and they all could be changed based on new findings. There might be people who like to bet on short-lived fame or credits. But in the long run, only good behaviors will be credited.

                        3) (see post #18 and also the preprint). The economy analogy is introduced to compare similar phenomena like monopolies and startups in both fields. But the fundamental difference makes the review process unique and extremely critical in scientific research. Again, as mentioned above, the dynamic credit system will hopefully encourage more forward-looking behaviors. I think it is consistent with our main motivation - thirst for knowledge and curiosity for truth.

                        *) arXiv issue. I don't think arXiv is any kind of realization of my proposed system. It is the opposite as it does not allow the whole community to participate and instead, only a few people are doing the gate-keeping moderation. It is more consistent with the "publish or perish" culture, as you just need to post traditionally accepted articles. There is no incentive at all in the arXiv service to encourage innovation. I doubt that they'll do anything at all similar to what I proposed. I think other platforms will do better as discussed above in my earlier posts.

                        *) I have read and commented your essay. It reads great and I rated very high. Wish you good luck in the competition.

                            Wanpeng Tan

                            II also evaluated your proposal very well because some transparent mechanisms such as the one you proposed are necessary.

                            I see that you have given due consideration to the possible critical points I have highlighted.

                            In fact, now, the ratings of scientists are influenced by institutions like arXiv, where there is no community participation. Your proposal could be a valid alternative to the current system, which in my opinion has caused great damage to the development of science.

                            Thank you for your interest in my essay.

                                11 days later

                                slightly comment to this essay , (there were other essays as well" bonobo science", or with "The Name of the arXiv: when too much zeal is an obstacle to science”") concerning apparently with the social status of the researcher/ scientists
                                married , health , deceased past century etc

                                an idea might be ,
                                printed medium first , lets say there is an ink that after a year or two is not having the same color any more or is just disappearing , when the article is published , immediately after the publication the Author (s) (if many) might want to reveal certain information, that are not with a scientific scope ,
                                some articles contains this in between lines ,lets say make those explicit by placing status near the alphabetic name
                                online/virtual environment this status can magically appear and dissapear

                                single 23, years old, at the date of the publication 11 eleven 5may 2012two thousand twelves

                                , for example, and naturally this is slowly becoming irrelevant for the author, because nobody reading in the year 2023would care about that ,

                                going further even the bibliographical reference list could do the same , for example, some kind of indicator(maybe not written by the authors himself), like has the author contacted all the people in that have made a (i stay on shoulders of giants) type of inspiration , or some might not want to appear there, even if they are dead , lets say i have tried to visit the Niels Bohr gravestone in Copenhagen,where also Kierkegaard or Hans Christian Anderson are being buried , to obtain approval for citing his work in a tabloid like scientific journal.

                                previously (earlier than20-30 years ago) it was not a practice to have the picture of the authors contained .
                                at 1700 if you wanted to have that you had to hire a special artist, to do the drawing, and a special typography person to create the drawing print ,i guess personal communication letters had attempts at that . nowdays i could learn about someone's scientific work via a video, than to look at the publications list , containing magical moved scroll words online.
                                not flipping paper pages

                                the idea is to think , long term and short term, and with multiple utilities
                                how someone from the year 7314, is going experience is relevant for science,
                                the priorities for the authors might be short termed

                                reading not necessarily scientifc as mental cultural social process is not being done with the idea of responding to the author , on the other hand with the advent of communication technologies where writing can be done in any circumstances interferences and new possibilities (why you type write SMS to your friends, do you train to be a publisher ?), or
                                this scientific article was AI written /transcribe after phone dictation in a park for a walk

                                standing still at a desk brings many other expressive possibilities: handwritten calligraphy is an example .

                                e a c h l e t t e r h e r e i s b e e i n g t y p e d w i t h a f e w s e c o n d s p a u s e

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