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17min chapter
#2 – Geoffrey West: The Scaling Laws Behind Living Organisms, Cities, Businesses, and Technologies
Scaling Theory
Exploring Super Linearity in Cities and Companies
The chapter delves into the concept of super-linearity in cities and companies, discussing how various factors like infrastructure, wages, wealth, patents, and growth exhibit super-linear scaling with size. It highlights the efficiency gains and dynamics of scaling laws in cities and contrasts them with the growth patterns of companies. The conversation also touches on mortality rates, acquisition probabilities, and the unique characteristics that govern entities like cities and organisms in the context of evolutionary and complexity economics.
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