Are we running out of ideas? Economist Paul Romer thinks not. To make things concrete, he notes

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Are we running out of ideas? Economist Paul Romer thinks not. To make things concrete, he notes that if we keep trying out different molecules to search for interesting compounds like new drugs, new plastics, etc., the universe may end from heat death before we finish our search. For example, if we try out 100 different atoms out of the 117+ (and rising!) elements in the periodic table, and only look at the 6-atom molecules, this is 1006 different molecules. And, of course, many common molecules in our bodies consist of hundreds of atoms, so this only scratches the surface of interesting compounds.
a. If it takes a machine 1 minute to test out and fully analyze a new 6-atom molecule, how many years will it take for this one machine to test out all 1006 molecules? (Note: Modern biochemists create computer simulations of molecules to analyze whether potential drugs are likely to work in the molecules that make up the human body, but this is only one narrow form of analysis.)
b. How many machines would it take to test out all of these molecules within 100 years?
c. What about all 10-atom molecules: How many years would it take for one machine to test all of these compounds at one per minute? If your computer can handle it, what about all 100-atom molecules, molecules vastly simpler than many proteins in your body?
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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