Posts tagged as:

Economics

The economic feasibility of a trillion dollar web 3.0 knowledge industry

by Johannes Bhakdi June 19, 2010

In “From Web 1.0 to Web 3.0”, I elaborated on the idea of user generated media business as the next phase in the internet evolution. In this Web 3.0, a new breed of user generated knowledge business platforms will allow everyone to easily create a full scale small media business without any technology or media [...]

Read the full article →

Why market theory isn’t just wrong, but stupid

by Johannes Bhakdi June 19, 2010

Markets are rational, and the best way to solve all problems. They consists of so called market players who constantly create transparency, compare prices, and make things more efficient.

Ouch.

Forward thinking economists like Justin Fox1 try to convey to main stream economics what every 5th grader could articulate what’s wrong with this hypothesis. Of course, there [...]

Read the full article →

Human economics: getting economics right. Finally.

by Johannes Bhakdi June 19, 2010

When I was 19, I felt one of the most important things in the human universe is the question where the wealth of nations and individuals originates from. Why some nations are poor, and other peoples are rich. And even more important: why all of us are so much better of than a few centuries [...]

Read the full article →

Economics: the road from ruins

by Johannes Bhakdi June 19, 2010

Every time I look up in the sky and see a plane crossing the sky, I feel a deep sense of pride and satisfaction. The ability to fly is just one of the many examples of the greatness of modern science, the incredible power of the human mind, and its ability to achieve the unthinkable.

The [...]

Read the full article →