Garicano, Luis; Rossi-Hansberg, Esteban - London School of Economics and Political Science - 2006
The knowledge economy is nothing new. As Chandler’s (1977) classic study documents,improvements in communication technology (e.g. mail via railways, thetelegraph, and later the telephone) played a key role in the emergence of the modernAmerican corporation in the late 19th century and the...