Sublime

First, I start with the principal dilemma, which I call “Anti-Network Effects.” It’s a myth that network effects are all powerful and positive forces—quite the opposite. Small, sub-scale networks naturally want to self-destruct, because when people show up to a product and none of their friends or coworkers are using it, they will naturally leave.

startup could be addressing a compelling market need, have the right team in place in an attractive industry, yet still the math might not work.

but from the study of logic and mathematics. It’s a very weird framework that doesn’t come out of empiricism, but of a certain kind of armchair philosophizing that turned out to be very useful. So the minimality expectations can be dropped. You could have a very, very cumbersome computational system that produces the correct output. So that’s

not vary.

“toy” models of economies—simple models that are so abstract they bear little resemblance to reality.