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Tag Archives: markets
How to Fix the World via the Legal System
I have long since been a big fan of Edmund Burke — the “father of modern conservatism”…. He was probably far ahead of his time, but for today, I feel he is no longer far ahead of our time. What … Continue reading → Continue reading
Posted in Uncategorized
Tagged change, fixed, flux, free, freedom, law, legal, market, markets, privilege, privileges, reliability, reliable, system, systems, variable
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The Theory of Competition vs. Pricing in a Seller’s Market
In a recent episode of “This Week in Startups” (TWiSt), Jason Calacanis and Molly Wood discussed Google’s business model (see, e.g. “The #Future of #Retard #Media in 4:20″ [ http://nooblogs.com/activity/p/5321/ ]). One aspect of where traditional economics does not seem very … Continue reading → Continue reading
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Tagged auction, auctioning, auctions, competition, Google, market, markets, monopoly, price, prices, pricing, retard media
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Computers, Humans, Economics, Marketing, Logic and Psychology
Computers are machines that apply algorithms according to some sort of logic… — and in this way they function in a way quite analagous to economic theory. Humans are beings that use their brains according to psychological quirks they have … Continue reading →
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Tagged computer, computers, economic, economics, economy, human, humans, logic, market, marketing, markets, psychological, psychology, reason, reasoning, technology
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Crowds revisited: How the Wisdom of the Crowds is related to the Wisdom of the Language — and also the Open Web
I usually point out how the Wisdom of the Language is different than the Wisdom of the Crowds, but it is also important to underscore how they are related. English is a global language because a lot of people can … Continue reading →
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Tagged domain, domains, language, languages, market, markets, network effect, open web, trust, Wisdom of the Crowds, Wisdom of the Language
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Self-Reliance 2.0
imitation is suicide Recitations are mundane — there is not one iota of life in them, there is no spark whatsoever. Truths which we hold to be self-evident need not be incessantly replayed in never-ending refrains — lest they become … Continue reading →
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Tagged collaboration, collaborative, create, creativity, life, market, marketplace, markets, meaning, sefl-reliance, work
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The 2 Revolutions that Must Happen for Developed Economies to Remain Competitive in a Global Market Characterized by Globalization 2.0
There are 2 revolutions that must happen in order for most developed economies to remain competitive in the global economy which has already begun to reorganize in a globalization 2.0 fashion. Here, I will simply name the 2 revolutions that … Continue reading →
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Tagged competition, competitive, developed, economics, economies, economy, employment, global, globalization, market, marketing, markets, revolution, revolutions, stakeholder, stakeholders, world
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The Liquidity of Information
In financial markets, information often travels very quickly and can have momentous repercussions. Market volatility can lead to a extreme price fluctuations in a matter of minutes (just look at the price fluctuations in the exchange rate between “bitcoin” and … Continue reading →
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Tagged amount, exchange, exchanging, illiquid, illiquidity, information, liquid, liquidity, market, markets, relaible, reliability, trade, trading, transfer, transferred, transferring, volatility, volume
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To Do the Right Thing Means to Offer Solutions to Problems that are Simple, Direct, Quick and Easy
This can be summed up in 3 words: Less is more! Do you remember the days when Google lived by this golden rule? It’s hard, because today Google is offering so many different things, I am already waiting for them … Continue reading →
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Tagged direct, find, free, information, information retrieval, market, marketing, markets, offer, problem, quick easy, search, simple, solution, solutions, solve, tech, technology, trial
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Sometime the Laws of Economics are not a feature — sometimes they’re a bug
There are many behaviors that actually benefit no one, but there are nonetheless incentives for people to engage in them. For example: When I was a teenager, many kids would drive around in cars with “no particular place to go”. … Continue reading →
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Tagged bad, behavior, behaviors, economics, employment, environment, good, incentive, incentives, job, jobs, market, markets, people, price, pricing
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Pioneers, Revolutionaries, Contrarians and Consumers
I had a couple pretty bad days this week — one day was especially bad (I was crushed), and the the rest of the week was a very gradual improvement… to the point that I almost feel like I am … Continue reading →
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Posted in Uncategorized
Tagged contrarian, contrarians, contrary, failure, false, lose, mainstream, market, markets, pioneer, pioneers, popular, prediction, predictions, revolution, revolutionaries, revolutionary, revolutions, science, success, true, truth, win
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