mako: economics (116)

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  1. The Economist takes up the issue of network services and autonomy!
  2. "With the financial meltdown eroding IT budgets, large investment banks, hedge funds and other financial institutions have been forced to rethink their attitudes toward open source technology. Use of open source technology is quietly booming in the capital markets because of increased cost pressures, and analysts predict the current economic conditions will drive further industry adoption."
  3. Check out the Reducing Inequality post which were recently featured on Crooked Timber. Recommended reading.
  4. I have very high hopes for this book.
  5. Feel good article about FOSS although not a lot of new things to say.
  6. I couldn't agree with this more.
  7. "Ownership is not as important as it once was." Provocative, if not right. :)
  8. "Credit is a sacred trust, it’s what our free society is founded on. Do you think they give a damn about their bills in Russia? I said, do you think they give a damn about their bills in Russia?"
  9. nice writeup by the author of liar's poker
  10. "Benkler attributes their success to ways they have found to assure contributors that when you produce you will be able to control what you produce. Cash doesn’t change hands. The challenge is to learn about human collaboration in general from these web-based examples. In Benkler’s words “replacing Leviathan with a collaborative system.”"
  11. Great description of Jonathan Coulton and his compelling alternative model for supporting himself.
  12. Gripping account of the financial crisis.
  13. A parody book review? A parody book?
  14. nomics in the context of scarcity. However, the point is that if you understand the zero, there's nothing to worry about and the model works perfectly. It just requires a recognition that the scarcity doesn't exist. Instead, you have abundance. You can have as much content as you need -- and in that world, it makes perfect sense that there's no costs, because without scarcity there need not be a cost. Supply is infinite, and price is zero. That does not mean, however, that there's no business. Instead, it just means you need to flip the equation and use th

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