i'm optimistic about individual human agency and transmissibility of new knowledge. Im pessimistic about the ability of groups of humans to engage in effective exante top down design. We need people with wherewithal like you and others, to get together and say, we've got to be brave enough to try to fail. It's ironic, because everybody knows in selican valley that failure is acceptable, and it's even a badge of honor. But it would be great if you guys took a few more chances.
Patrick Collison, co-founder and CEO of Stripe, talks with EconTalk host Russ Roberts about the pace of innovation. Collison argues that despite enormous increases in the numbers of scientists and researchers, the pace of progress in scientific and technological understanding does not seem to be increasing accordingly. The conversation looks at the challenge of measuring innovation and whether the pace of innovation should be a matter of concern and if so, what might be done about it.