Rule by signaling

A meritocracy means taking the most competent and putting them in charge. Simple enough. But how does one determine competency? The problem is competence is determined ex post facto, through empirical evidence, in which case it may be too late. This means signaling is required,…

The Meritocracy We Don’t Understand

From Wired: Silicon Valley Isn’t a Meritocracy. And It’s Dangerous to Hero-Worship Entrepreneurs The meritocracy is alive and well, but it’s the meritocracy we don’t really understand. Many are producing merit, but their efforts are wasted because they don’t know the rules. I guess what…