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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: Gerald R. Lampton who wrote (19606)5/21/1998 2:05:00 PM
From: Daniel Schuh   of 24154
 
Jerry, not to get into the substance of this or anything, but I will repeat an old hearts-and-minds thing on Arthur and network externalities / path dependence. Before I read the New Yorker article on Arthur, I'd avoided looking up any of this stuff. The only popular press things I read on it all took this line that it showed what a nice natural monopoly Microsoft was, good for us all. Competition? We don't need no stinkin' competition, when Bill's taking us where we want to go.

Arthur may be pompous, it's sometimes an academic prerequisite. He's also been out in the wilderness a long time, I hope he's enjoying his day in the sun. With politically naive software engineer Bill pushing all these efforts to debunk him or turn his theory around, he'll have plenty to debate in the years to come.

I hope old Chicago School hand Lessig figures out a way to get back into the debate too, even if he never had a real job in his life. I assume he can always go back to that tenured position at Chicago, unreal though it may be, if things don't work out at Harvard.

Cheers, Dan.
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