… the capitalist engine is first and last an engine of mass production which unavoidably means also production for the masses, whereas, climbing upward in… Read More »Schumpeter on who gains from mass production
Here’s Joseph Schumpeter laying out some key features of the importance of (capitalist?) economic growth in 1942. [This Lant Pritchett on broad based economic growth… Read More »Joseph Schumpeter on qualitative gains from capitalist growth
Netscape’s secret is that we’re in the middle of an exploding market. Marc Andreessen It’s as simple and as difficult as that.* *In one sense,… Read More »Marc Andreessen on the secret of Netscape’s success (c.1995)
I came across both of these posts in the last week, and they both highlight the problem of bad legislation. I recommend both – which… Read More »Market Economics: Slate Star Codex on Drugs Vs Chairs and The Grumpy Economist on Paying for Public Toilets
I am for the free market. Even though it doesn’t work too well, nothing else works at all. But I have serious reservations about capitalism… Read More »Peter Drucker on free markets
This is an interesting piece from REDEF on what happens next in the competition for our ears, eyeballs and thoughts, with a link to a… Read More »Recommendation: Joe Marchese on the attention economy
If you haven’t thought much about economics, this series from the BBC is a first-rate introduction to a lot of key ideas about how markets… Read More »Resource: Tim Harford on 50 Things that Made the Modern Economy
Okay, so machines are simple, largely linear, and predictable, and systems are complex, adaptive and ‘dispositional’… but look a bit closer and the distinction gets… Read More »Machine. Ecosystem. (6) – Kevin Kelly on the techium