- - - - -
You all wrote within 15 minutes of each other pointing out the
Krugman article -- looks like it just appeared on Slate. Well,
Cassidy took me in, too. I'll post an emendatation on the TBTF
>you seemed to suggest that what is referred to generally as
>network externalities, Arthur called increasing returns to
>scale. This is extremely unlikely.
Keep in mind that everything I know about network externalities
(and Brian Arthur) I read in the New Yorker. Cassidy used the
term "increasing returns," not "increasing returns to scale."
Thanks for keeping me honest, guys, and I doubt I'll be venturing
into the dismal science again real soon...
Keith Dawson email@example.com
Layer of ash separates morning and evening milk.