Short History Of The Most Important Economic Theory In Tech

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.

Full Story: https://www.fastcompany.com/3064681/most-creative-people/most-important-economic-theory-in-technology-brian-arthur

Many thanks to Lance Trebesch for sharing.