Computer networks, which today offer a powerful meta-phor for thinking about the brain or human society, were notaround in that key period in the history of economic thought.Until the mid-1970s, the only computers were mainframes,referred to as “big iron.” Far larger than today’s computingdevices, and yet less powerful, computers were classified asheavy equipment
It is cool to see how something as simple as computers can make a huge impact to the economy 50 years ago and how right now they are also making a huge impact. Not only on the way we learn and research things but also how we do our day-to-day lives.