Event Details

This document appears to be a page (p. 159) from a book or detailed report submitted as evidence to the House Oversight Committee (Bates stamp 018391). The text discusses economic theory, contrasting the 'diminishing returns' of traditional industrial markets (citing Henry Ford and auto manufacturing) with the 'increasing returns' and 'winner takes all' dynamics of the information age and software markets. It heavily quotes economist Brian Arthur's 1996 Harvard Business Review article on the subject.