There’s a classic story in economics primers illustrating the power of network effects. It tells how the first fax machine gave little value to its owner–after all, there was no one else with whom to send and receive faxes. As time went by, however, the value of that first machine increased as other people... 

In the 1920s a group of analysts at a U.S. Air Force base outside Dayton, Ohio, were following an intriguing trend. Wright-Patterson AFB, where they worked, was the manufacturing center for a number of iconic World War I era airplanes–including the ninety horsepower Curtiss “Jenny” that a generation... 

In the 1920s a group of analysts at a U.S. Air Force base outside Dayton, Ohio, were following an intriguing trend. Wright-Patterson AFB, where they worked, was the manufacturing center for a number of iconic World War I era airplanes–including the ninety horsepower Curtiss “Jenny” that a generation...