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.
Science is a way to teach how something gets to be known, what is not known, to what extent things are known (for nothing is known absolutely), how to handle doubt and uncertainty, what the rules of evidence are, how to think about things so that judgments can be made, how to distinguish truth from fraud, and from show.
When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.
E pur si muove. "Albeit It does move". (That's what Galileo purportedly muttered after torturers forced him to recant his theory that the earth orbits the sun.)
My view of our planet was a glimpse of divinity.
Cosmologists have attempted to account for the day-to-day laws you find in textbooks in terms of fundamental 'superlaws,' but the superlaws themselves must still be accepted as brute facts. So maybe the ultimate laws of nature will always be off-limits to science.
Time travel used to be thought of as just science fiction, but Einstein's general theory of relativity allows for the possibility that we could warp space-time so much that you could go off in a rocket and return before you set out.
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