The upward-sloping supply curve taught in economics is divorced from the modern economy, where marginal costs fall as firms scale (especially in tech and manufacturing) due to automation, global supply chains, and digital infrastructure; this falling cost of scale makes many industries trend toward winner-take-all concentration not through cheating but because 'math rewards scale,' yet antitrust frameworks still treat competition as the norm and monopoly as a bug.

causalpending

Speaker

Nate Hagens

Evidence Quote

when costs fall as scale rises, the curve doesn't slope up anymore. It bends sharply towards power, concentrated power.

Source

The 10 Core Myths Still Taught in Business Schools | Frankly 99Nate Hagens
Created: 6/18/2026, 2:17:46 PM

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