Mobile broadband: A (still) under-appreciated economic miracle

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New research continues to demonstrate that information technologies are even more economically powerful than official data suggest. Over the past five years, I’ve attempted to show that we have underestimated the price declines and performance improvements in smartphones. (See, for example, “The A12 chip: Estimating innovation with iPhone prices,” in which I estimated that it would have cost $28 million to purchase the …

Apollo, mankind, and Moore’s law

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When Neil Armstrong, Buzz Aldrin, and Michael Collins went to the moon 50 years ago this week, they had a large portion of the world’s computing power with them on Columbia and Eagle and behind them in Houston. One NASA engineer estimated that, between 1962 and 1967, the Apollo program had purchased 60 percent of all integrated circuits built in the US. Today, however, …

Startups and the Remaking of the Firm

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See our latest research, in collaboration with the venture firm High Alpha: Startups and the Remaking of the Firm  On February 5, in San Francisco, Elliott Parker of High Alpha presented this new research at Alloy, a conference focused on corporate innovation. This research takes the famed Innovator’s Dilemma to the next level. It suggests corporate concentration has peaked, argues that firm borders are …