Now I think that what we really need is more experimentation in markets, because our markets are failing to promote new ideas that drive progress and growth. In art, science, and technology, our outcomes are lagging indicators of our markets. For better results, build better markets.

Scientists often bemoan the state of originality in their field. New ideas are getting “harder to find.” Progress in large fields of science and technology is “slowing down.” Scientific knowledge has been in “clear secular decline.” (One wonders about the originality of their bemoaning.) But today’s researchers aren’t getting worse at coming up... See more