🎧 Episode 06 My Little Hundred Million | Revisionist History

Listened to Episode 06 My Little Hundred Million by Malcolm Gladwell from Revisionist History

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In the early ’90s, Hank Rowan gave $100 million to a university in New Jersey, an act of extraordinary generosity that helped launch the greatest explosion in educational philanthropy since the days of Andrew Carnegie and the Rockefellers. But Rowan gave his money to Glassboro State University, a tiny, almost bankrupt school in South Jersey, while almost all of the philanthropists who followed his lead made their donations to elite schools such as Harvard and Yale. Why did no one follow Rowan’s example?

“My Little Hundred Million” is the third part of Revisionist History’s educational miniseries. It looks at the hidden ideologies behind giving and how a strange set of ideas has hijacked educational philanthropy.

The key idea laid out stunningly here is strong links versus weak links.

I’m generally flabbergasted by the general idea proposed here and will have to do some more research in the near future to play around further with the ideas presented. Fortunately, in addition to the education specific idea presented, Gladwell also comes up with an additional few examples in sports by using the differences between soccer and basketball to show the subtle differences.

If he and his lab aren’t aware of the general concept, I would recommend this particular podcast and the concept of strong and weak links to César Hidalgo (t) who might actually have some troves of economics data to use to play around with some general modeling to expand upon these ideas. I’ve been generally enamored of Hidalgo’s general thesis about the overall value of links as expressed in Why Information Grows: The Evolution of Order, from Atoms to Economies1. I often think of it with relation to political economies and how the current administration seems to be (often quietly) destroying large amounts of value by breaking down a variety of economic, social, and political links within the United States as well as between our country and others.

I wonder if the additional ideas about the differences between strong and weak links might further improve these broader ideas. The general ideas behind statistical mechanics and statistics make me think that Gladwell, like Hidalgo, is certainly onto a strong idea which can be continued to be refined to improve billions of lives. I’ll have to start some literature searches now…

References

1.

Hidalgo C. Why Information Grows: The Evolution of Order, from Atoms to Economies. New York: Basic Books; 2015.