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“Tainter has a very simple theory, which is that most social systems start very simple, and we benefit a lot when they become complicated. We live in a modern economy where everyone hones a different skill… There are benefits to complexity. We actually want to create more complexity, more subdivisions of labor, more expertise, because then we’re able to trade it and do something magical. But Tainter argues that there’s a certain point in almost any of these economic systems, or any society, where we go over the peak of benefits and start getting more and more uselessly complex over time.” Read more...
The best books on Industrial Policy
Danny Crichton, Journalist
