Janeway: Economic efficiency is the enemy of innovation
Bill Janeway · a16z Podcast | Good Bubbles, Bad Bubbles -- and Where Unicorns Come from · Jan 2, 2019 · at 29:31
Bill Janeway, venture capitalist and Cambridge economics lecturer, discusses economic growth models and argues that trial-and-error experimentation, rather than static market efficiency, drives technological progress.
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“Efficiency is the enemy of innovation.”
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