Cogs and monsters and economists, oh my!
The New Bazaar
How Digital Platforms Affect Our Understanding of the World
i think there's a generation change. I think the young, the cohorts coming through now to day young people actually have quite a different set of values. Perhaps it's just the inevitable reaction to the mistakes the generation before them, made dino. The characteristic pattern of growth for digital platforms is that it starts out being pretty slow,. But they get to a critical point where they grow very quickly and come to dominate their market. They're called winner takes all markets, and that's partly because of increasing returns to scale - which we've always had in the economy. It makes it hard to predict what will happen to markets over even relatively short periods of time. You can't analyze a snapshot
Remember Everything You Learn from Podcasts
