“Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.”

American inventor, scientist and businessman

Nathan Paul Myhrvold is an American inventor, scientist, and businessman. He is known for serving as chief technology officer at Microsoft, and for co-founding Intellectual Ventures and TerraPower. He is also the principal author of Modernist Cuisine and its follow-up books. His work spans technology, business, and food science, reflecting a career that moves between research, innovation, and writing.