Sublime

Tech entrepreneurs succeed precisely because they realize the competitive advantages of working with the multitude rather than embracing a more traditional approach.

in the real world, there is no such thing as an externality.

But at the same time, the computer, like all general purpose technologies, requires parallel innovation in business models, organizational processes structures, institutions, and skills. These intangible assets, comprising both organizational and human capital, are often ignored on companies’ balance sheets and in the official GDP statistics, but t

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publicly visible.

On top, she added her own distinctive techno-futurist gloss—Tofflerism with a stock-picker’s sensibility. It cost over $600 a year to subscribe to Release 1.0, and 1,500 of the tech industry’s most powerful read its every elliptical word.

So, I agree when you say we shouldn’t categorize the economy. We shouldn’t observe the economy and be like, “Oh, that’s a harmonic oscillator.” Yeah. “That’s an Ising model.” No. But we should absorb the data. We should observe the economy, and think in the physicist way of saying, “Okay, this is what I see. Let me think of a way of describing it.”