80,000 Hours Podcast

#11 - Spencer Greenberg on speeding up social science 10-fold & why plenty of startups cause harm

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Oct 17, 2017
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INSIGHT

Demand Doesn't Always Signal Social Value

  • Customer purchases don't guarantee net social good because of imperfect information and post-experience goods.
  • Many harmful markets persist because buyers can't easily assess product impact.
INSIGHT

Four Ways Companies Can Cause Harm

  • Companies harm by exploiting imperfect info, human irrationality, zero-sum transfers, or externalities.
  • Regulation should reduce profitable pathways that allow firms to hurt others while earning money.
ADVICE

Consider Human Time As A Cost

  • Remember time is consumable: firms that employ many on low-value tasks can waste societal time.
  • Evaluate startups by the quality of human time they consume, not just money flows.
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