Software's Creative Destruction

During 1989, a computer scientist wrote a memo in which he explained how information could be shared through a computer network. Two years later we had the first web pages and by 1998, one quarter of …

Fast and Slow Stock Markets

Goldman Sachs is asking $30 million for a firm that, 14 years ago, it purchased for $6500 million ($6.5 billion). The story (sort of) starts 222 years ago. Wall Street was where our first Congress met…

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