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Tag: Complementarity
The Complementarity of Technologies: Why New Doesn’t Mean the End of Old
In our fast-paced world, marked by an unprecedented speed of technological innovation, we often marvel at the shiny, new tools and systems that emerge. Yet, amidst this fascination with the novel, we’ve noticed a curious and somewhat counterintuitive trend: new technologies rarely completely replace their predecessors. This principle doesn’t have a universally accepted name, but…