New page : StacksAreEatingTheWorld

VenkateshRao defines "stack" as the kind of equivalent of a "vertically integrated industry" but mediated through a technology / technological specialization.

More and more industries are taking "stack-shape" rather than, say, integrating by SupplyChain or other logic.

Basically the CoasianTransactionCosts that are weaving together whole companies (TheNatureOfTheFirm), are the transaction costs of switching between technologies.

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