When It Comes to Innovating, Ask for Forgiveness, Not Permission

Michael Munger

People sometimes ask me, “What is the most important concept in political economy?”

The answer is easy, but subtle: permissionless innovation, a strong presumption in favor of allowing experimentation with new technologies and with new business platforms that use those technologies. A lot has been written about why this vague concept is so powerful (my own go-to source is Adam Theirer’s Permissionless Innovation).

It’s at the core of what Friedrich Schiller, the German philosopher and poet, wrote about in a letter to a friend in 1793 where he describes the beauty of the “Englische Tanze” (English dance):….. Read More