Deep change in tech and economy

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Beyond finance edition. To Make Computers Useful, You Have To Fire People. We have innovation on many different levels, from materials to hardware organization to software to marketing to organization design to overall regulation.

To Make Computers Useful, You Have To Fire People

Many seem to think the lowest hardware levels are key, and other levels mostly go along for the ride. But not only is software as important as hardware, neither help much without good firm practices: The $100bn Facebook question: Will capitalism survive 'value abundance'? Chiang Mai, Thailand - Does Facebook exploit its users?

The $100bn Facebook question: Will capitalism survive 'value abundance'?

And where is the $100bn in the company's estimated value coming from? This is not a new debate. It resurfaces regularly in the blogosphere and academic circles, ever since Tiziana Terranova coined the term "Free Labour" to indicate a new form of capitalist exploitation of unpaid labour - firstly referring to the viewers of classic broadcast media, and now to the new generation of social media participants on sites such as Facebook.

Newspapers: It’s not a revenue problem, it’s a culture problem. The Project for Excellence in Journalism at the Pew Research Center has come out with a substantial new report on the efforts of newspapers both large and small to grow their digital businesses, and — not surprisingly, perhaps — the results are all over the map.

Newspapers: It’s not a revenue problem, it’s a culture problem

Although on average the news is rather bleak, with more than $7 in print revenue lost for every $1 produced by digital, some papers have managed to generate some strong growth, while others have lost revenue on their digital operations. And if there is one thing that comes through loud and clear when it comes to explaining this discrepancy, it is that culture matters more than anything. The Nature Of The Firm and Work Markets. Those who watched the video I posted on Sunday saw me talking about this.

The Nature Of The Firm and Work Markets

But I didn't do it justice so I'm going to do a full post on this. The brilliant Nobel prize winning economist Ronald Coase (who is still alive!) Analysis: Euro zone strugglers lack innovative knack. WEF. Business cycles: Lessons of the 1930s. The Book of Jobs. What this transition meant, however, is that jobs and livelihoods on the farm were being destroyed.

The Book of Jobs

Because of accelerating productivity, output was increasing faster than demand, and prices fell sharply. It was this, more than anything else, that led to rapidly declining incomes. Niall Ferguson: The 6 killer apps of prosperity. How Technology is Recreating the 21st-century Economy. W.

How Technology is Recreating the 21st-century Economy

Brian Arthur, PARC Visiting Researcher series: Entrepreneurial Spirit 4 August 20115:30-7:00pmGeorge E. The Freelance Surge Is the Industrial Revolution of Our Time - Sara Horowitz - Business. Welcome to the Gig Life.

The Freelance Surge Is the Industrial Revolution of Our Time - Sara Horowitz - Business

The boom in independent work is changing the way we think about jobs and careers. Does Washington get it? It's been called the Gig Economy, Freelance Nation, the Rise of the Creative Class, and the e-conomy, with the "e" standing for electronic, entrepreneurial, or perhaps eclectic. Everywhere we look, we can see the U.S. workforce undergoing a massive change. The Local-global Flip, Or, "the Lanier Effect" Here's a sampling: ...

The Local-global Flip, Or, "the Lanier Effect"

"The Apple idea is that instead of the personal computer model where people own their own information, and everybody can be a creator as well as a consumer, we're moving towards this iPad, iPhone model where it's not as adequate for media creation as the real media creation tools, and even though you can become a seller over the network, you have to pass through Apple's gate to accept what you do, and your chances of doing well are very small, and it's not a person to person thing, it's a business through a hub, through Apple to others, and it doesn't create a middle class, it creates a new kind of upper class. ... Google has done something that might even be more destructive of the middle class, which is they've said, "Well, since Moore's law makes computation really cheap, let's just give away the computation, but keep the data.

" And that's a disaster. Global Rebellion: The Coming Chaos. *Well, I’m pretty used to seeing overheated essays of this kind, even from Californian university professors; but I’m sure not used to seeing ‘em on Al Jazeera.

Global Rebellion: The Coming Chaos

The Murdoch operation created the Tea Party, but the Al Jazeera apparatus can knock over entire chunks of continents. It’s like tiger versus shark. Komt er een einde aan de welvaartsgroei? Men, women – and machines. The rise of interconnected digital machines is threatening to change our economy in profound ways This month, we enter the season of Goodwill to All Men (and Women).

Men, women – and machines

But there is a bitter irony. Globalisation and higher education: Different degrees of success. David Hummels, Rasmus Jørgensen, Jakob R. Munch, Chong Xiang , 10 December 2011 Fuelled by concerns over rising income inequality, Occupy Wall Street has grown into a global movement in slightly over 2 months, with protests in over 900 cities worldwide.

Protestors have been criticised for lacking a specific set of policy demands, but in this the protestors are hardly alone. Teachers Don’t Like Creative Students. One of the most consistent findings in educational studies of creativity has been that teachers dislike personality traits associated with creativity. Research has indicated that teachers prefer traits that seem to run counter to creativity, such as conformity and unquestioning acceptance of authority (e.g., Bachtold, 1974; Cropley, 1992; Dettmer, 1981; Getzels & Jackson, 1962; Torrance, 1963). The reason for teachers’ preferences is quite clear creative people tend to have traits that some have referred to as obnoxious (Torrance, 1963). Review: The Spirit Level by Richard Wilkinson and Kate Pickett.

We are rich enough. Economic growth has done as much as it can to improve material conditions in the developed countries, and in some cases appears to be damaging health. If Britain were instead to concentrate on making its citizens' incomes as equal as those of people in Japan and Scandinavia, we could each have seven extra weeks' holiday a year, we would be thinner, we would each live a year or so longer, and we'd trust each other more. The Spirit Level : Why More Equal Societies Almost Always Do Better by Richard Wilkinson and Kate Pickett Epidemiologists Richard Wilkinson and Kate Pickett don't soft-soap their message.

It is brave to write a book arguing that economies should stop growing when millions of jobs are being lost, though they may be pushing at an open door in public consciousness. België ontsnapt aan toename ongelijkheid. Tim Harford — Adapt. When faced with complex problems, we have all become accustomed to looking to our leaders to set out a grand vision, experts to draw up a detailed plan of action, or gurus who can provide us with some infallible solution. In this groundbreaking book, Tim Harford shows us a new and inspiring approach to solving the most pressing problems in our lives. Harford argues that today’s challenges simply cannot be tackled with ready-made solutions and expert opinions; the world has become far too unpredictable and profoundly complex. Instead, we must adapt—improvise rather than plan, work from the bottom up rather than the top down, and take baby steps rather than great leaps forward.

Innovation Starvation. The British 1 Percent. This figure, via Paul Krugman, shows the income share of the top 1 percent in the United Kingdom. The broad pattern is very similar to what U.S. data shows. The figure suggests that the explanation of growing inequality over the past several decades cannot be U.S. -specific but must have broader applicability.

You can generate more plots like this here.

Occupy Wall Street

The Rise of the New Global Elite - Magazine. American plutocracy. The Undeserving One Percent? - Raghuram Rajan. Life in Europe's squeezed middle. Germany pessimistic about future. The Global Hollowing Out of the Middle Class (No, It's Not Just the U.S.) - Derek Thompson - Business. Is het kapitalisme verdoemd? 'We zitten in een twilightzone tussen oud en nieuw' American Middle Class Dwindles As Household Income Drops To 1996 Levels. 12 Themes for 2012: what we can expect in the year ahead. The Job is Dying – The Need for a New Way to Make a Living. The Big Data Boom Is the Innovation Story of Our Time - Atlantic Mobile. Twenty Years Fore & Aft. Andy Stern: China's Superior Economic Model. Finance. Don Sull, Strategy through turbulence - McKinsey Quarterly - Strategy - Strategic Thinking.

Cooperation. 5 ideeën van Pattie Maes. Een gps in ons hoofd. Why Artifical Intelligence Is Closer Than We Realize. Internettrends 2011 Meeker. Race Against the Machine. Here Comes the Sun.