The role of ideas

Posted: August 22, 2010 in Bubba posts

Inventions (i.e. ideas) is perhaps the key component of any entrepreneurial endeavor and in our classes we utilize the simple notion that an idea are two previously known things put together into a new thing, blanket + sweater = snuggie, poor people + bank loans = micro credits and so on. So where do such ideas come from? We believe that the combination knowledge + information is key and given the growth and abundance of both information and knowledge it is feasible to assume that we have more ideas than ever. This is in indication that individuals are important but that collective and social aspects of entrepreneurship is even more essential. Hiding behind the interesting title “When ideas have sex” Matt Ridely point out that humans have indeed been able to become more prosperous as they are getting more populous.

Bubba

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