Sublime

publicly visible.

It traditionally assumed that firms were independent, and so changes would be independent, and so their sizes and aggregate effects would be distributed normally.

These are all highly contestable statements.

Technology builds out not just from combination of what exists already but from the constant capturing and harnessing of natural phenomena.

The economy is not a closed static equilibrium system; it is a system perpetually open to novel behavior, and complexity economics forces us to keep this in mind.

Each company is trying to figure out how to strategize, how much to invest, what the technology should be. In a case like that, it’s not at equilibrium.

Technologies somehow must come into being as fresh combinations of what already exists.

Technology builds itself organically from itself, and this will be one of the themes of this book.