As an inventor in the 1970s, I came to realize that my inventions needed to make sense in terms of the enabling technologies and market forces that would exist when the inventions were introduced, as that world would be a very different one from the one in which they were conceived. I began to develop models of how distinct technologies—electronics, communications, computer processors, memory, magnetic storage, and others—developed and how these changes rippled through markets and ultimately our social institutions. I realized that most inventions fail not because the R&D department can’t get
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