40/ When the external transactions become less costly than the internal transactions, firms stop growing since it is better for them to buy things from the market than to produce these internally: the cheaper the link, the larger the network.
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51/ Another good example of this nestedness of industry-location data is the Silicon Valley. If HP, Atari, and Xerox PARC had not been located in the valley, it is likely that the knowledge and knowhow needed to get Apple started would not have been there.
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52/ The idea of product space, a network connecting similar products, help understand the dynamics of industrial diversification and at a fundamental level explains the growth of economies as the growth of information.
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53/ As the universe moves on and entropy continues to increase, our planet continues its rebellious path marked by information rich pockets. Our lives compute forward in a universe that has no past.
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NOTE1: All credit goes to
@cesifoti, author of the most interesting book I read in 2017: "Why Information Grows: The Evolution of Order, from Atoms to Economies”.pic.twitter.com/mB7npNkggh
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