Stanford and New York University's Paul Romer gives a fascinating talk at the TED on how rule based Charter Cities which empowers choices for people and leaders, can significantly improve the world. (hat tip: Tom Palmer)
Mr. Romer concludes with a noteworthy quote,
The reason we can be so well off even though there are so many people on earth is because of the power of ideas. We can share ideas with other people when they discover them they share with us. It’s not like scarce objects where sharing means we each gets less, when we share ideas we get more. When we think about ideas in that way we usually think about technologies, but there is another class of ideas, the rules that govern how we interact with each other...If we can keep innovating in our space of rules, and particularly innovate in the sense for coming up with rules for changing rules so we don’t get stuck with bad rules then we can keep moving progress forward and truly make a better place...
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