AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Innovations Driven by Rivalry and Incentives
Inventions in science often arise from professional rivalry rather than sheer passion for an idea. The fear of someone else seizing their concept motivates individuals to complete their work quickly. This dynamic was evident in the case of Darwin and Wallace. Incentives and rivalry, as highlighted in economics, play a critical role in driving innovation. Keynes suggested that individuals who consider themselves uninfluenced by intellectual ideas are often confined by the theories of past economists.