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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Sam Altman‏Verified account @sama 5 Aug 2014

      the corporation is one of the most interesting nontechnical inventions of the last 2000 years. ability to align a lot of people is valuable.

      7 replies 31 retweets 58 likes
      Paul Graham‏Verified account @paulg 5 Aug 2014
      Replying to @sama

      @sama And like many great inventions faced great resistance. After the South Sea Bubble, corporations were banned for over 100 years.

      5:15 PM - 5 Aug 2014
      • 5 Retweets
      • 18 Likes
      • angel_a_i Ric Burton 🇬🇧 ‣ 🇺🇸 Zach Cook ☕️ Nick Baum 🇸🇪 Vikas Lalwani Paul Buchheit Vikram Shukla Sola yijun | radical labs
      6 replies 5 retweets 18 likes
        1. McCoy‏Verified account @chrisamccoy 5 Aug 2014
          Replying to @paulg

          @paulg @sama I recommend this very long read by @vgr: "A Brief History of the Corporation 1600-2100" http://www.ribbonfarm.com/2011/06/08/a-brief-history-of-the-corporation-1600-to-2100/ …

          0 replies 0 retweets 4 likes
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        1. Pat Fives‏ @patfives 5 Aug 2014
          Replying to @paulg

          @paulg @sama So valuable to align lots of people that they decided to reclassify themselves as people too. Now to align those "people" #meta

          0 replies 0 retweets 0 likes
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        1. Jared Schnelle‏ @schnelle 5 Aug 2014
          Replying to @paulg

          @paulg @sama I thought South Sea Bubble was a play on 1999 terms, but in fact I'm just uninformed! Now reading ...

          0 replies 0 retweets 1 like
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        4. New conversation
        1. Jack Gavigan‏ @JackGavigan 5 Aug 2014
          Replying to @paulg

          @paulg @sama The Act that prohibited joint stock companies unless they were aithorised by a royal charter was passed DURING the SSC bubble.

          1 reply 0 retweets 1 like
        2. Jack Gavigan‏ @JackGavigan 5 Aug 2014
          Replying to @JackGavigan

          @paulg @sama (Some would say that it was protectionist in nature and, therefore, contributed to the South Sea Bubble.)

          0 replies 0 retweets 0 likes
          3. End of conversation
        1. Trampoline Rocket‏ @TrampolinRocket 5 Aug 2014
          Replying to @paulg

          Aligning incentives of officers & board w shareholders remains non-trivial problem. @paulg @sama

          0 replies 0 retweets 1 like
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        1. Michael P Gibson‏ @William_Blake 8 Aug 2014
          Replying to @paulg

          @paulg @sama a legal entity, limited liability corp was invented by UK in 1850s. The one government innovation all libertarians should love

          0 replies 0 retweets 0 likes
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