In this classic 1996 Harvard Business Review piece, Brian J. Arthur highlights the emergence of industries powered by increasing returns – what we now call network economies. Few have been so prescient. Dive in to understand how this shift disrupted conventional economic paradigms, molds today’s business world, and will shape the future.
Link: https://hbr.org/1996/07/increasing-returns-and-the-new-world-of-business
Source: W. Brian Arthur