4 ms·
not enough appreciation for rising marginal costs of innovation. it's easy to see in biotech and pharmaceuticals (same number of innovations costing more and mo
by christinaupton 7y ago
not enough appreciation for rising marginal costs of innovation. it's easy to see in biotech and pharmaceuticals (same number of innovations costing more and more). it will eventually happen in every other narrowly scoped field.
- Allower 7y agoThat's a pretty foolish assumption. Look at the long view, innovation typically comes in fits and spurts, no predicting when the next will start or the current one will fade away.