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Short History Of The Most Important Economic Theory In Tech
December 8, 2016 /
Twenty years ago, W. Brian Arthur popularized a concept that forever changed Silicon Valley–with a little help from Cormac McCarthy.
Even now, the theory of increasing returns is as important as ever: It’s at the heart of the success of companies such as Google, Facebook, Uber, Amazon, and Airbnb.
Many thanks to Lance Trebesch for sharing.
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