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Information Rules
Shapiro and Varian's 1999 strategic guide to the network economy — the book whose central claim, <em>technology changes, economic laws do not</em>, has proven more durable than the dot-com bubble inflating around it.
Information Rules: A Strategic Guide to the Network Economy, published by Carl Shapiro and Hal Varian in 1999, translated four decades of industrial organization theory into operational guidance for technology firms. Written at the peak of the dot-com bubble, when conventional wisdom held that the internet had repealed the laws of economics, the book's contrarian thesis was that the forces shaping information markets — network effects, switching costs, lock-in, the peculiar cost structure of goods expensive to produce and nearly free to reproduce — were not inventions of the 1990s but features of any information market. The book became a foundational text for a generation of technology strategists and antitrust economists, and its framework now applies to AI platform markets with uncomfortable precision.
In The You On AI Field Guide
The book was written at a specific historical moment: the late 1990s, when the commercial internet had generated a wave of theorizing that amounted to claims of economic exceptionalism. New metrics had emerged
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