Funding should be a mix of track record with project consideration, not either exclusively.
Funding projects is a terrible idea that you should keep at a minimum. If you fund projects you will end up with the BS we have now - marketing in the form of grant proposals.
I think a really helpful analogy for how science should be funded is to think of how angels and VCs fund early stage startups - I mean, how they really fund them. Which is: is this a promising area to startup within? Is this a great team? And that is pretty much it.
The downside of this approach I think is that personal biases can creep in and create a lack of diversity. You can counter that with pots of funding that directly target diversity.
Fund people, your assessment of their ability, their team, and their area of interest.
Stopping caring about whether projects work or not is practically the point. Research isn’t about only tackling things we know will work. That’s effectively engineering and not research.
A lot of the funding today is already about status. There just needs to be less funding given out to people based on status and funders’ pet projects and more funding based upon the people and proposals. Solid people and proposals should not be turned down via lack of status or not fitting into some box of “this will work”.
A lot of topics are lumped into “that will never work”, but it’s often the case that they were never tried or even explored.
In modern academia that would be a terrible record.
But giving him tenure was a smart bet, because he might have produced more.
It's the Sabine Hossenfelder problem. Should physics fund incremental research which is a fairly safe bet in employment terms? Or should the money go on talented and creative researchers who may waste most of it - but one or two may produce something transformative?
Academia is heavily slanted towards the former approach. Because academia is now a business and has the same bureaucratic and corporate values as other bureaucratic corporations.
This is terrible for original research, because smart people need to given a free hand to follow their intuitions and interests.
Being able to afford to explore, play, and potentially fail would transform physics.
Because in reality academia is producing a lot of failure anyway, without the upsides of transformative new insights.
In the startup world it is widely believed that a bit of hardship is needed to show dedication.
1. Make the application process much simpler 2. Support with smaller amounts, individual subsistence salary 3. Provide the right placing in the right environment.
I know a few institutions where exploring and playing is a standard procedure, however they aren't many. And even this has a limit because science is expensive. So you need a way to know which silly ideas to pursue and how to best utilize your resources and budget.
I mean general relativity is one of the most tested and verified physical theories, and it was practically done all by Einstein himself. It’s a hallmark of a theory. That alone is worth everything, and yet he was also the genesis for several other fields, both before and after general relativity.
Einstein is not a great example for this discussion. Even his “failures” are useful contributions. Many here are missing the point in that it is failures that we should not be afraid of funding, within reason of course. I.e., it’s okay if a promising idea “fails”. It is input to the broader research community and questions.
> terrible record
> might have produced more
You do not seem to have much knowledge of his publication record.
Here is a list of 272 journal articles by Einstein and coauthors, the majority of which would certainly be considered peer reviewed by modern standards.
https://en.wikipedia.org/wiki/List_of_scientific_publication...
From just these papers, among the things you put into the bucket of "not huge breakthroughs" were (in small length scales) Bose-Einstein statistics and Bose-Einstein condensates (notably his 1924 and 1925 papers), his atomic emission and absorption theory (the "stimulated emission" in laSEr), and his paper with Podolsky & Rosen and (in large length scales) General Relativity, Einstein gravitational lensing, the Friedmann-Einstein and Einstein-de Sitter expanding universe cosmological models.
Everything else I’m not going to read because it’s just bleeding heart nonsense.
Then I read your comment. Needless to say, I wholeheartedly agree.
And in 30 years, no project officer from a funding agency has ever complained that we'd delivered really good results but they weren't the results we'd promised. They're generally happy something good came out of the funding, because frankly, most funded projects don't produce much of value. Very occasionally (mostly on EU projects) we've had to write up the results in a project report with the original section titles that no longer match the new content to tick some boxes and keep the funder beancounters happy.
But what I was describing was slightly different - once the proposal is funded, many PIs feel compelled to deliver what they said they would, whereas in the two years since you wrote the proposal, the world has moved on, you've learned things, both from your early work on the project and from others, and more promising avenues are now possible. If you feel compelled by the funder to continue in the original direction, you'll very rarely deliver good research.
Many of the most critical research results came out of some random hallway conversation, as a response to some new result that didn't exist when the research plan was formulated, or because someone had a brain fart. If at each point someone had put up their hand and said "sorry, scientist, that's not on your current grant roadmap" we'd probably still be dying of preventable diseases and lighting our homes with gas fixtures.
There's a somewhat old adage (?) that says: "Don't fund projects. Fund people."
The gist of it is that by funding projects, you're funding a somewhat myopic view in that anything discovered adjacent to the project is now out of scope of the funding. By funding people with interesting ideas, you get a much more creative and free-flowing research program.