Foreword

History has taught us that market economies are typically characterized by extended periods of stability occasionally punctuated by short unstable periods that stretch the economic envelope into a new topography.

Technologies such as the printing press and the steam engine were catalysts for previous economic discontinuities. Today, we find ourselves in the midst of a particularly prolonged—some argue permanent—period of instability as worldwide adoption of disruptive innovations such as the web browser, social media, and the smartphone have rapidly converged to create a global digital nervous system.

Over the past 20 years the web has evolved from being a read-only tool that people used to access information into a rip-remix-reload ...

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