DOES TECHNOLOGY EVOLVE? | Edge.org

Ideas operate very much according to increasing returns. It’s costly for someone to dream them up and almost free for anyone to distribute them. It turns out that information is virtually free and we are seeing, as the economy runs more and more on ideas rather than on bulk commodities such as processed corn, processed iron ore, steel, or cars, we have different rules. Increasing rather than diminishing returns. A different economics applies.

Source: DOES TECHNOLOGY EVOLVE? | Edge.org

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