This morning's blog reading provided two relatively new views of economic activity. It's interesting to contemplate them together because I think that conjunction says a lot about the future of media.
I've posted a number of times about Michael Goldhaber's work (use the Rollyo search box on the right). His post from yesterday with the self-explanatory title, The Attention Economy Hypothesis in Brief (link: Michael H. Goldhaber) doesn't cover new ground for him, but is a useful summary of his intellectual focus. He writes:
... The basic idea is that we are moving toward a new kind of economy, wildly different from any before. ¶ An economy in this sense is system of actions and transactions of some kind involving scarce but desirable or necessary entities, with the multiplicity of such transactions intricately tying an entire society or several societies together. ¶ Attention here means attention from other human beings. Because we each have limited capacity to pay attention, the amount available is inescapably scarce. The more some have, the less others must have. This is so even though attention is really quite difficult to quantify with any precision. ...
Following that, I read Bruno Giussani's post on the Direct Economy based on work by Xavier Comtesse. He quotes Comtesse:
... Comtesse, who heads the Geneva branch of think-tank Avenir Suisse, is writing a book on the idea of "direct economy". "We're exiting an economic system based on the producer's know-how and heading towards one centered on the customer's know-how", he writes ...
Link: LunchoverIP. --Dennis
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