He might be the poster boy for free-market economics, but that distorts what Adam Smith really thought The invisible hand was invoked not to draw attention to the problem of state intervention, but of state capture Smith argued, ordinary people were forced to accept inflated prices for shoddy goods, and their employment was at the mercy of […]
An economist explains how to value the internet
digital goods have three characteristics that are very different from previous goods. They’re virtually free, perfect and instant. What that means is the cost of making an additional copy of a digital good is basically zero; each copy is an identical, perfect replica of the original; and they can be distributed anywhere in the world […]
How Much – What is Value?
Minutes of Minimum-Wage-Work to buy a Big Mac How many minutes a minimum-wage-worker would have to work to earn enough money to buy a Big Mac? How do we relate the value of work, food etc.? Why do Indians or Indonesians look to other fast or street food. Country Big Mac price Monthly minimum wage […]
Media Manipulation, Strategic Amplification, and Responsible Journalism
This is a crib of a talk (30 min read) that Data & Society Founder and President danah boyd gave at the Online News Association conference in Austin, Texas on September 13, 2018. Well worth the read for anyone interested in a great analysis of our current media situation. Media manipulators have developed a strategy with three parts that […]
CACOR – Looking Back, Looking Forward and Being in the Present
“CACOR – Looking Back, Looking Forward and Being in the Present” by John Maskell, CACOR member May, 2018 This year marks fifty years since the initiatives of what became the Club of Rome and very shortly afterwards, CACOR. CACOR only exists because COR exists and COR exists because Aurelio Peccei and Alexander King (and also Rachel […]