Price's law: the productive square root
He proposed a theory for the exponential growth of science - which today is mirrored in a few other theories, perhaps the best known of which is Moore's Law on the exponential growth of computing power.
This means that in a group of 4, everyone contributes about equally. But as the group enlarges, a smaller and smaller proportion of the group becomes responsible for the majority of the work. So in a group of 25, the square root i.e. 5, is responsible for half the work, while 20 do the rest. In a group of 10,000, only 100 are responsible for half the work, while 9,900 do the rest!
As group size grows, the increase in productivity is linear, but the increase in unproductivity is exponential (note how this differs from what is proposed in the Pareto Principle, which suggests that 20% of overall effort produces 80% of the result - which is a linear relationship).
- The majority of important classical music/novels/art seems to be produced by just a handful of composers/authors/artists.
- The majority of scoring in a football or basketball team is done by a small number of players in the team.
- The majority of wealth is concentrated in a small number of people.
- An overwhelming percentage of total US market capitalisation is in the top S&P500 companies.
Rather, it implies that as a group enlarges, we have to think and organise ourselves much more deliberately (e.g. small project and organisational team sizes, being hyper-sensitive to mission creep and organisational sprawl), so as to mitigate the impact of this natural social phenomenon, and to allow each individual to continue to contribute most impactfully.
This is probably something many tech companies are having to work through now, having grown exponentially and carelessly through a protracted era of cheap funding, and an obsession with achieving scale as an end in itself.
Price's law reminds us that human tendency is to gravitate toward unproductivity, and exponentially so as the size of the group increases. What are we doing to mitigate that, and continue to be impactful? How do we make a difference?
It is not the critic who counts.
Not the man who points out how the strong man stumbles, or where the doers of deeds could have done them better.
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming;
But who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause;
Who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.
Do not pray for easy lives. Pray to be stronger men.
Do not pray for tasks equal to your powers. Pray for powers equal to your tasks.
She told me that she actually first met me many years ago, at a Christmas party. I said, I don't remember that at all!
So she explained that it was at a mutual friend's house, and all she remembered about me was this enthusiastic guy who had turned up and started telling everybody about the Meaning of Christmas, and she was thinking - who the heck is this dude :D
I remember thinking to myself, wow, if only I was like that all the time, so that all anyone who ever met me would remember - there's this dude who seems to be overflowing with enthusiasm for Jesus - there must be something there!
And my daughter said, yeah, funny thing, when we were talking, my friend said she told her mother she was meeting me, and her mother said, oh that one, the girl who’s always asking you to go to church :D
A fellow who, in my own small way, fights at the front, makes lots of mistakes, but also makes a difference. A fellow who works in small, effective groups, and not necessarily big, splashy things. Helping individual lives, and not necessarily world-changing projects. So that I can always be part of that productive square root!
For we are God's handiwork, created in Christ Jesus to do good works, which God prepared in advance for us to do. Ephesians 2:10
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