In 1672, the journal published Newton's first paper New Theory about Light
and Colours
it has remained in continuous publication ever since, making it the world's
longest running scientific journal
The use of the word "philosophical" in the title derives from the phrase "natural
philosophy", which was the equivalent of what we would now generically call
"science
Oldenburg published the journal at his own personal expense and seems to have
entered into an agreement with the Council of the Royal Society allowing him to keep any resulting
profits
He was to be disappointed, however, since the journal performed poorly from a
financial point of view during Oldenburg's lifetime
Summary : Michael Feldstein's contribution to the OSS and OER in Education Series. In this post, he writes about how open source projects work from an economic perspective. Drawing on the work of Nobel Prize-winning economist Ronald Coase and Harvard economics professor Yochai Benkler, he will provide some perspective on how open source projects manage to defy conventional wisdom about economics and self-interested behavior, and gives some questions that universities can ask when considering whether a particular open source software project is likely to be successful.