Cody Finke: “My proposed explanation is that in order to impact growth, the innovation must impact a market large enough to matter or a set of markets large enough to matter. While it is statistically possible for hundreds or even millions of innovations to add up to high growth (and for indoor plumbing to lead to millions of innovations), it is much more likely that a smaller number of innovations impacting very large markets occurred. I argue that 7 times in the special century, innovations dramatically cut cost for products that, by themselves, were more than 1% of economic growth. This has never happened since 1970. One way to drive economic growth is to reduce the cost of things the economy needs. When something gets cheaper, the economy can produce the same amount of it and still have resources left over to make other things. Spending the excess money from cost reductions pulls freed resources into new uses, and, via Jevons paradox, we also, often, end up buying more of the thing that got cheaper.“
Henry Mintzberg: “As a manager, get out of your office, get on the ground, and find out what’s going on.”
NYTimes: “A superhabitable world — as scientists imagine it — is about 20 to 30 percent wider and twice as massive as Earth, and is placed at the right distance from its star for water to flow on its surface. The stronger gravity of this bigger Earth would hold on tighter to ambient molecules than Earth does, giving the planet a thicker atmosphere and a warmer and more stable climate, fueling the growth of extraterrestrial plants and animals (or their equivalents). The super-Earth’s bigger iron core would erect a stronger magnetic field around it, better blocking cosmic radiation. As for the superhabitable planet’s surface, picture paradise. An enlarged orb would be rounder and smoother than Earth, as its stronger gravity erodes continental shelves and fills in trenches. Water would spill evenly over its surface as shallow lakes and seas.”
Adam Grant: “There are three important roles that people play in our lives: allies, pals, and companions. Allies share our goals; they’re our most reliable and capable collaborators. Pals share our interests and hobbies; they’re our go-to people for a pickleball game or a karaoke night. Companions share our values; they’re our best sources of support and compassion.”
