1. Could an “ideas” constraint make sense, in theory?
- A production function often looks something like Value= f(K,L), where inputs (e.g funding (K) and people (L)) generate impact.
- But within EA,[1] we could potentially be constrained by (I): the number of ideas.
- An “Idea” could be both at the cause level (i.e. Cause X), or at the intervention level (e.g. a mega-project)
- I think it could be clearer and more useful to separate out ideas as their own input - theoretically it seems possible to have great people and lots of money, but no ideas about what to do with those resources, and hence have no impact.
- But maybe ideas are just a multiplier of both capital and labour - ideas can increase impact, but they ultimately can’t be a constraint. This seems to be the theory behind Ben Todd’s talk at EAG.
- I feel like ideas as a separate input makes sense. But does this just confuse things?
2. If so, is EA idea constrained today?
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It seems like early on, EA was funding constrained. This seems no longer true.
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Then, EA was “people” constrained, in various capacities.[2]
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Now, EA could be ideas constrained. Is this true?
And (if I can squeeze a 3rd question in), what can be done about this?
It’s also possible similar constraints exist in an economy more broadly - e.g. Entrepreneurship ↩︎
E.g. “talent”, “management”, “network”, “skills”, “risk”. ↩︎
Some thoughts (not to say ideas) regarding 3: