Saturday, September 3, 2011

Value creation versus value capture

A few years ago researchers studying the use of tools by animals reported a fascinating discovery: New Caledonian crows could not only use tools to get at food, they could fashion a tool to get at food. Specifically, Betty, the crow in the scientists’ lab, showed that she could shape a twig or wire into a hook to pull otherwise inaccessible food out of a transparent tube. This was the first

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