How applications of catastrophe theory outside mathematics stalled the theory, and why?
I know that the theory had its fair share of popularity during the 1970s, with many distinguished mathematicians working on it, for example Thom, Arnol'd, Whitney, etc. After being incorporated into applications outside mathematics the theory underwent a transformation into a stagnated field and lost much of its prestige, as some on the internet have put it. If this is the case then:
How did this phenomenon occur?
What were the mechanisms that led to stagnation and why mathematicians stopped working on the field? Did they feel that they were being invaded by "outsiders" or by people that did not understand the principles of the theory? Did they feel bad because the name of the theory was used to support outlandish results outside mathematics?
Where there just social reasons, (such as those mentioned above), for the exodus of mathematicians from the theory?
Moreover, I know nothing about catastrophe theory and its history. The subject of its "stalling" by being popular outside mathematics was brought up during a conversation, and it struck me in an odd way. So this is why I am asking those questions, mainly from a sociological point of view.