People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow.
Paul RomerRead
When somebody discovers something like the quadratic formula or the Pythagorean theorem, the convention in science is that he can't control that idea. He has to give it away. He publishes it. What's rewarded in science is dissemination of ideas.
Interpretation
Scientific discoveries are meant to be shared, not hoarded.
In this quote, Paul Romer emphasizes the importance of sharing scientific knowledge and discoveries rather than keeping them to oneself. The fundamental principle of science is that once a new idea or theorem is discovered, it is the duty of the discoverer to publish and disseminate that knowledge so that others can benefit from it, thus advancing collective understanding and progress in the field.
In practice
During a science conference, you might reference this quote to stress the importance of sharing research findings.
People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow.
An economy can survive with 10% of the population insolation. It can't survive when 50% of the population is in isolation.
One of the most powerful insights in economics is this idea of a division of labor. You do the thing you're good at. Other people do something else that they're good at. The net effect is better for everybody.
Human material existence is limited by ideas, not stuff, people don't need copper wires they need ways to communicate, oil was a contaminant, then it became a fuel
It is the job of government to prevent a tragedy of the commons. That includes the commons of shared values and norms on which democracy depends.
In the developing world, most people don't yet live in big well-run cities. Given the chance to move to one, hundreds of millions of people would go there to get a job, get an education for their children, and live in a place that is clean, safe, and healthy.
Some 5 billion years from now, there will be a last perfect day on Earth... then the sun will begin to die, life will be extinguished, the oceans will boil and evaporate away.
Nothing is too wonderful to be true, if it be consistent with the laws of nature.
Can you imagine, in 2030, taking a space cruise on the very ship that carried the first human beings to Mars? I can't believe that people wouldn't line up for that possibility.
It science involves an intelligent and persistent endeavor to revise current beliefs so as to weed out what is erroneous, to add to their accuracy, and, above all, to give them such shape that the dependencies of the various facts upon one another may be as obvious as possible.
If you're going to go into space, you have to have an objective, a mission. Where do you want to go? Earth orbit? The moon? Mars? What's the technology to get there? You develop the technology for the mission.
In our skulls, we carry around 3 pounds of slimy, wet, greyish tissue, corrugated like crumpled toilet paper. You wouldn't think, to look at the unappetizing lump, that it was some of the most powerful stuff in the known universe.
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