Deep thought of the Day
Oct. 25th, 2015 09:19 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timelets
In a world in which new technology is based entirely on learning by doing, greater size would imply more innovation, assuming that the advances were disseminated effectively over the larger unit. Once progress begins to depend more on experimentation and theory, such advantages disappear.
--- Lin (1995). Quoted from The Cambridge Economic Hostory of Modern Europe. Vol. 1. 2010.
