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Would the analogous lesson for entrepreneurs be that if the market doesn't want it, it's wrong? I'd think there's some cases where products are ahead of their t
by zxcvvcxz 14y ago
Would the analogous lesson for entrepreneurs be that if the market doesn't want it, it's wrong? I'd think there's some cases where products are ahead of their time, i.e. they're right at the wrong time.
- improvisations 14y agoI think so. Obviously this is based on the standards of market preferences, which is in constant flux unlike the 'objective laws' of the physical world. Something might be a great idea but is wrongly timed in the sense that the market doesn't want it yet (or at all). In the sea of human preference subjectivity the only objectivity we can hope for, it seems to me, is sink-or-swim on the market. In a sense the same might be said for science though.. such as if a theory is imagined long before we have the tools to actually test it out.
- j_baker 14y agoSo are you saying that a product that's ahead of its time is "right"? I think that (with some very notable caveats), we can say that in general if the market doesn't want a product, there's something wrong (perhaps the problem isn't with the product itself).
- fallous 14y agoI'm reminded of the Heinlein quote "Engineering is the art of the practical and depends more on the total state of the art than it does on the individual engineer. When railroading time comes you can railroad—but not before." The same is true of markets.
- ollerac 14y agoRight. I think this is the primary reason laws can be incredibly dangerous. To some extent every law assumes that the context in which it was made is going to stay the same.