The harder competition gets, the more people drop out. For a society, it would be great to maximize progress through competition but minimize crime through social welfare. But what is needed to accomplish that? First, there has to be strong enough incentives for people to dedicate their lives for pursue of innovations, and a back-up […]
Tag: innovation research
The Vishnu Effect of Startups (creators/destroyers of jobs)
Background In the Hindi scripture there is a famous passage in which the god Vishnu describes himself as death; to Westerners this is mostly known through Oppenheimer’s citation: “Now, I am become Death, the destroyer of worlds.” But, there is another god in Hinduism, Brahma, that is the creator of the universe. How does this relate […]