meta-team puzzle
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December 26th, 2021
- > If you'll pardom me going all economist for a bit, two interesting parallel things that occur to me that this links up to...
1. This is a classic market for lemons. From the outside you can't tell how good a specialist is, which drives down price, pricing good specialists out.
2. This makes me think of Kenneth Arrow's "The Limits of Organization", in which he argues that one of the main benefits of organisations is creating high trust low information friction environments. In an organisation you (ideally) *can* tell who is good.
Putting (1) and (2) together, one of the big reasons it's hard to find good specialists is that they mostly go work for organisations where they can be accurately valued rather than striking out on their own where they're subject to the whims of the market for lemons.
And the only people who go against that are ones where they've got enough initial capital and enough demand to weather out the building reputation period safe in the knowledge that once they have that reputation they can charge appropriate and still get enough work to net win- from David MacIver
Work With Me
- one approach to the overall meta-team puzzle