Thank you for a thought provoking post! I enjoyed it a lot.
I also find the “innovation as mining” hypothesis intuitive. I’d just add that innovation gets harder for humans, but we don’t know whether it holds in general (think AI). Our mental capacity has been roughly constant since ancient Greece, but there is more and more previous work to understand before one can come up with something new. This might not be true for AI, if their capacity scales.
On the other hand there is a combinatorial explosion of facts that you can combine to come up with an innovation and I don’t know what fraction of the combinations will actually be useful and judged as innovation. So overall, the difficulty might increase, stay roughly the same, or decrease, depending on how the number of useful combination scales with the number of all combinations.
I also suspect that subjective rankings of past accomplishments just tend, for whatever reason, to look overly favorably on the past.
One explanation of this would be that innovation needs time to collect its impact. Old innovations are well integrated into the society, so they have already collected most of its impact, while new innovations have most of their impact still in the future, so we don’t perceive them as transformative yet.
Thank you for a thought provoking post! I enjoyed it a lot.
I also find the “innovation as mining” hypothesis intuitive. I’d just add that innovation gets harder for humans, but we don’t know whether it holds in general (think AI). Our mental capacity has been roughly constant since ancient Greece, but there is more and more previous work to understand before one can come up with something new. This might not be true for AI, if their capacity scales.
On the other hand there is a combinatorial explosion of facts that you can combine to come up with an innovation and I don’t know what fraction of the combinations will actually be useful and judged as innovation. So overall, the difficulty might increase, stay roughly the same, or decrease, depending on how the number of useful combination scales with the number of all combinations.
One explanation of this would be that innovation needs time to collect its impact. Old innovations are well integrated into the society, so they have already collected most of its impact, while new innovations have most of their impact still in the future, so we don’t perceive them as transformative yet.