“Market Failure” is commonly thought of as something that goes wrong with the way normal (“free”) markets work. There are actually a lot of assumptions made about how such markets work normally, and many of these are so illusory that it seems amazing anyone would ever pay any attention to what any economist says —… Continue reading A New Kind of Market Failure?
Tag: appropriate technology
We need to figure out what’s going on
This is something a Silicon Valley celebrity said recently — and I’ve decided to “steal” it because the meaning is actually rather ambiguous and depends a lot on context. The person who said it, simply said it in passing and didn’t contextualize what was meant at all — I actually have a vague “gut feeling”… Continue reading We need to figure out what’s going on
Socio Business blog 