The principles of classic economics still resonate in today’s tech landscape. Adam Smith’s concept of the “invisible hand” continues to drive innovation in platforms and marketplaces, while David Ricardo’s notion of “comparative advantage” underpins trends like outsourcing dev teams and the rise of APIs.
“When self-interest is unblocked, value scales better than control.”
In the world of AI and startups, the connections are clear:
- Open-source LLMs
- Prompt marketplaces
These insights reveal a fascinating interplay between classic economic theories and modern technology. As we navigate this evolving landscape, the lessons from past thinkers remain crucial in understanding how decentralized approaches can foster greater value creation.
Curious about how these economic principles are shaping the future of tech? Explore the full article for deeper insights!
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