There he talks about the computational complexity and limits to planning. He also talks about markets, how non convexities leads to inefficiencies (allowing polarization of wealth) and why large firms form: difficulty in setting prices and being informed enough to make optimal decisions benefit concentration of complementing talent.
As computational power increases and communication friction decreases I expect we will start to see company size decrease and lifetimes to within an order of magnitude of the sceanrio in alluded to in Rainbows End where companies are old at 5 years and large ones have 3 people.
There he talks about the computational complexity and limits to planning. He also talks about markets, how non convexities leads to inefficiencies (allowing polarization of wealth) and why large firms form: difficulty in setting prices and being informed enough to make optimal decisions benefit concentration of complementing talent.
As computational power increases and communication friction decreases I expect we will start to see company size decrease and lifetimes to within an order of magnitude of the sceanrio in alluded to in Rainbows End where companies are old at 5 years and large ones have 3 people.