When it comes to the Web 2.0 and the process of “creative destruction”, a lot of people associate it more with the latter word than the former. After all, we hear story after story of entire industries being washed away – and what replaces them simply doesn’t provide a livelihood for nearly as many people.
So [...]
The Web 2.0, good sushi, and a wonderful case of creative destruction
January 14th, 2010 · No Comments
Tags: economics · social media
Stigmergy, community building, and social media
November 27th, 2009 · 1 Comment
On Monday my colleague Naumi Haque sent me a link to an interesting article by Professor Francis Heylighen titled “Why is Open Access Development is so successful? Stigmergic organization and the economics of information“. It provides a great overview of open access / self-organizing systems in relation to traditional economic theory, but the part I [...]
Tags: economics · social media
An age-old question about the 'rebound' in the wealth of Canadians
September 15th, 2009 · No Comments
Yesterday the Globe and Mail had a story about how the wealth of Canadian households had rebounded last quarter, after declines for most of the last year. While this is seen as positive news in regards to our economic health, I believe there’s an important element the report leaves out – wealth of Canadian households [...]
Kevin Garnett, Wikinomics, The Sports Guy, and the fall of newspapers
April 17th, 2009 · No Comments
I’ve been involved in research tied to the principles of wikinomics for quote some time. Most of the stories that emerge tend to be positive in terms of the transformation taking place, both within the economy and society in general. But there is a definite dark side to it as well – one that I [...]
Tags: economics · social media · wikinomics
Report: Economists concerned that oil prices may go up, or down, or stay the same
January 13th, 2009 · No Comments
As my “about me” section covers, I’ve got a few side projects – and chTONGUEeek is one of my favorites. This post is for the economics types – and like the Jewish Dentist in Seinfeld, my economics training gives me the leeway to take these jabs. Anyone else might be accused of being an anti-economidite [...]
Tags: chTONGUEeek · economics · other
Is there a Paradox of Wikinomics?
January 6th, 2009 · No Comments
For the last few weeks I’ve spent a fair bit of time thinking about the Keynesian “Paradox of Thrift“, which has become particularly relevant in today’s turbulent economy. As everyone knows by now, one of the driving forces of the problems revealed in 2008 was that consumers took on too much debt. The natural anecdote [...]
Tags: economics · wikinomics