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Mistakes and Memes

Paul Krugman, back in 1998, was pretty sure he had this Internet thing figured out: The growth of the Internet will slow drastically, as the flaw in “Metcalfe’s law” — which states that the number of potential connections in a network is proportional to the square of the number of participants — becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear t