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The Unbundling of Scale

During the industrial age, economies of scale were a major source of competitive advantage. Many production processes exhibited decreasing unit costs over a very large range of output. Steel was a classic example which resulted in a few very large [...]  Read more

Is it 1880 or 1914?

I haven’t been posting much the last couple of weeks. There are a variety of reasons for that including spending extra time reading and learning new things but the main reason is that I am trying to understand better where [...]  Read more