74. The Real Drivers of Technological Progress

In this episode Saifedean talks about popular misconceptions regarding scientific progress, focusing on aviation as a case study. He describes how the Wright brothers invented the first airplane in 1903 despite claims from scientific authorities of the time that human flight was impossible, and how commercial aircraft capabilities started to decline after the 1970s. Drawing on insights from the work of Terence Kealey, Saifedean describes how many other historical inventions – such as those of Thomas Newcomen and James Watt – were the result of tinkering and practitioner trial and error rather academic study. The podcast ends with a discussion of why the initial treatment of the Wright brothers has parallels with the treatment of bitcoiners today.

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