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It traditionally assumed that firms were independent, and so changes would be independent, and so their sizes and aggregate effects would be distributed normally.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
A User’s Guide to Restructuring the Global Trading System
faster churning of companies in and out of the S&P 500, the death of news and the newspaper, the failure of established
Martin Gurri • Revolt of the Public and the Crisis of Authority in the New Millennium
On the larger stage of Eurasian or global economic competition, the maritime sector of the European economy, for all its success in developing the commodity trades across the Atlantic, and in finding customers among the expatriate Europeans in the Americas, was simply too small, too restricted in economic and demographic capacity, to aspire to glob
... See moreJohn Darwin • After Tamerlane: The Rise and Fall of Global Empires, 1400-2000
These are all highly contestable statements.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
that, contrary to standard belief, the market shares of many technology companies could be predicted with great accuracy, even if the underlying changes in technology changed frequently.