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#23 The New New Thing: A Silicon Valley Story

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Growth Is Just Another Word for Change

In the 1990s Silicon Valley created a fantastic amount of new wealth. The people who make a living trying to explain where wealth comes from were just starting to get their minds around this phenomenon. New growth theory argued in obtuse mathematics that wealth came from the human imagination. Wealth wasn't chiefly having more of old things, it was having entirely new things.

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