Nuances in Milieus

The state university prospers according to the extent to which it can sell itself to the people of the state. Edward Bernays, “Propaganda”, p. 124 Many millennia ago, not a single human activity was remunerated — (perhaps) simply because the concept of money had not yet been invented. Today, there seems to be no human… Continue reading Nuances in Milieus

Economics of Information 2.0: Advertising

Traditionally, the field known as the “Economics of Information” has mainly been focused on how market prices happen (in the “supply and demand” scheme of things). I do not aim to discount the very significant work that has been done here in the last half century (give or take a decade or two). Yet I… Continue reading Economics of Information 2.0: Advertising

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