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Many theories of economic growth say that it is fundamentally generated by new ideas. When you have fewer people, you have fewer new ideas. So innovation might
by dash2 5y ago
Many theories of economic growth say that it is fundamentally generated by new ideas. When you have fewer people, you have fewer new ideas. So innovation might slow: in some models it even reverses.
- antisthenes 5y agoNew ideas just aren't generated uniformly at a rate of say, 0.001 per person per year. They are generated by highly educated people with genetic ability, who also have the means for a stable adulthood and at least a modicum of free time to develop their curiosities. Not to mention the means to go into science. Very frequently another industry will pay more, and that person never becomes a scientist/researcher.
- CogitoCogito 5y agoIs innovation slowing necessarily a bad thing?
- xeromal 5y agoI don't have any articles to back this shower though up, but I assume people fear becoming the English post pax-romana. Being in a world where you can't even conceive to rebuild something your ancestors built is a bit disturbing. If you're not progressing, you're backsliding.
- Yuioup 5y agoInnovation exists because of a need to find a way to support a growing population. We don't need to be continuously innovating. It's OK to take a break.
- mulmen 5y agoIt’s ok for individuals to take a break. But is it ok for a generation to take a break? How are skills passed two generations into the future? We would have to start over.
- jll29 5y agoSkills have _not_ been passed on, greed made people outsource in a lot of areas, with disastrous consequences as far as knowledge preservation is concerned.
- Skunkleton 5y agoWe have so many people who's ability to contribute is under utilized. Surely elevating these people is a more efficient way to capitalize on the resources invested.