"lost its way" suggests that science was once firmly on a sure path of rigorously verified studies, never a thrice-checked statement assumed. That was never the case.
Acknowledging, attempting to quantify, and then (some institutions) attempting to fix systemic issues in the peer review system is not an emerging crisis. We have to fix incentives, but we aren't about to see some fundamental tenets about to be overthrown here.
It isn't clear what the "big cost" is referring to. Certainly money has been spent on poorly-founded studies with fundamentally inconclusive results. If it instead refers to opportunity cost, fortunately we have the entire future of humankind to pick up what we might have figured out earlier.
Acknowledging, attempting to quantify, and then (some institutions) attempting to fix systemic issues in the peer review system is not an emerging crisis. We have to fix incentives, but we aren't about to see some fundamental tenets about to be overthrown here.
It isn't clear what the "big cost" is referring to. Certainly money has been spent on poorly-founded studies with fundamentally inconclusive results. If it instead refers to opportunity cost, fortunately we have the entire future of humankind to pick up what we might have figured out earlier.