If this aspect of the economy is obscured by our models, one cannot honestly claim to understand the Global Financial Crisis or the rise of Facebook.
What is an economy?
Brendan Markey-Towler
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This neglects the developmental aspects of these processes: Facebook wasn’t scaled from the dormitory. It was started there, together with some help from others. And it was good enough to take the next step based on it’s network’s position and the next and the next …