Now, two things are happening.

1. Technology is making old and new ideas cheaper and easier to build.




2. There’s a reemergence of “premium demand.”

Ideas Need Adoption to Make an Impact

Ideas alone are not enough. They need to be techno-economically viable, buildable for a low enough cost that the market is able to adopt them. There is no progress without

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First is the observation I’ve made throughout: that people are building companies based on ideas from the 1950s and 1960s.

This is a very real thing. Earlier this week, I met with Tyler Hayes at Atom Limbs to see the robotic prosthetic he and his team are building. After he slipped the cuff on my arm and as we were waiting for the system to boot... See more

That is a major omission! If the slowdown in TFP growth can be explained by ideas getting harder to find, why did growth hit a brick wall in 1973 as opposed to slowly decaying as soon as ideas became harder to find?

Well, one question to ask might be “Which factors contributed to TFP growth in the last good decades, the 1950s and 1960s, and when

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