Zeus, the most powerful of the Greek gods, was enraged when Prometheus revealed to mankind the secret of making fire. The punishment of Prometheus the titan was to be chained to a rock where an eagle would devour his liver by day. By night, his liver would regenerate in preparation for the following day’s pecking.
Nor does Prometheus the journal expect much thanks for spreading knowledge about
innovation. Since its launch in 1983, Prometheus has pushed against the boundaries
surrounding the understanding of innovation, in its broadest sense. It has met some resistance. Prometheus is no stranger to controversy, nor to the consequences of defying convention.
COMMENTARY ROTHSCHILD IN AUSTRALIA? THE ORGANISATION OF R & D IN THE UNITED KINGDOM
The Rothschild scheme was introduced in the UK in 1972 and there have been recent calls for a similar approach from Australian government departments. However, numerous reviews and reports on the scheme have shown it to be largely ineffective, inefficient, inflexible and unbalanced. Consequently, it has failed to produce a coherent national research program. A database scan of the literature confirms these conclusions. Some dismantling of the scheme has now taken place in the UK.