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2009.05
The New New Economy: More Startups, Fewer Giants, Infinite Opportunity The New New Economy: More Startups, Fewer Giants, Infinite Opportunity - Huge vertically integrated conglomerates were created to minimize what economist Ronald Coase called transaction costs between teams and up and down the supply chain. Now distributed-information networks would do the same outside the walls of a single company.
/via @wired #