Innovation and safety nets

Joseph Henrich in The WEIRDest People in the World: Such broader and stronger safety nets would have sharpened the population’s cognitive and social skills on average. These psychological effects, along with the greater independence from families and churches that such insurance gives individuals, help explain why stronger safety nets promote more innovation, both in preindustrial …

What is entrepreneurship about? Creating new things, making money, or adding value?

A series of recent blog posts and news items – here, here, here, here – have me worried about how Silicon Valley* and the startup world relate to the rest of culture and society. There’s a reason Wall Street has a bad name; Silicon Valley shouldn’t have to end up like that. Part of it …