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Tag Archives: creativity

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Telling graduates that, ”You are now officially credentialed as being smart,” author Walter Isaacson began his commencement address at Pomona College. “But,” he continued, because “Smart people are a dime a dozen, … Think different” is what matters.

With a “Think different” message, Isaacson reminded us of Steve Jobs’s quest for elegant products. His great new story, however, was about the unblinking stare that Jobs learned from his guru in India. That stare, paired with ”Don’t be afraid. You can do it,” pushed people to accomplish what they had thought was impossible. It inspired the first Macintosh team to cut the Mac’s boot-up time from 78 to 50 seconds. It brought uniquely great high quality glass to the iPhone. Repeatedly, it inspired and intimidated people.

I do recommend listening to the talk (below) because Isaacson’s stories about Steve Jobs and then Albert Einstein and Benjamin Franklin were interesting and his advice, though predictable, was to use your creativity to do good.

Watching Isaacson, I recalled a David Brooks column that conveyed a less obvious lesson from creativity. Comparing competition and creativity, Brooks said that alone, competition draws people to “a status funnel” that points “to the most competitive colleges and … companies..” and discourages change.

However, when competition and creativity combine, we get disciplined, reliable human capital and unique goods and services. The result is “creative monopolies” that dominate new markets and produce our Ben Franklins, Albert Einsteins and Steve Jobses.

Your opinion?

Sources and Resources: Each of Walter Isaacson’s 3 recent biographiesSteve Jobs, Einstein and Benjamin Franklin: An American Life, was excellent as was the NY Times David Brooks column, “Creative Monopoly.” And here, at econlife, you can see how Malcolm Gladwell looks at competition and creativity.

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In his New Yorker Magazine article on creativity, Malcolm Gladwell describes Mick Jagger, the musician, and Gary Starkweather, an optical engineer, as gentlemen who pour out countless ideas and develop an endless stream of products. For Jagger, the product is his music while one of Starkweather’s ideas became the laser printer.

Gladwell points out, though, that for creativity to work, it also needs discipline. He suggests that for Jagger, Keith Richards provided the discipline. For Starkweather, Xerox was a source of constraint. 

Gladwell’s insight? As demonstrated by this slideshow about the mouse, sometimes a good idea has to unfold through many years, multiple places and different people to evolve into something useful and affordable.

The Economic Lesson

Americans tend to be risky consumers. We used electric power in our homes before it was entirely safe, we bought the first computers, we drove millions of cars before they were perfected. Explained by James Surowiecki in the New Yorker, because we are willing to buy new products, businesses have the incentive to be creative.

In our economic tool kit, incentives belong at the top.

An Economic Question: Remembering that profits are an important incentive for business firms, why might they have the incentive to control and encourage creativity?

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