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In a recent article, Vincent Geloso (2015) argues that the study of social networks can illuminate Deirdre McCloskey's view that modern economic growth was fostered by according entrepreneurial actions a sense of dignity. I extend Geloso's framework to suggest that an ‘analytical egalitarian'...
Persistent link: https://www.econbiz.de/10012924480
While connectivity supply is growing exponentially, likely as a result of developments in the semiconductor industry, research on connectivity has mostly focused on the demand side. Such approach is however unable to account for the introduction of unforeseen ser-vices, which is also...
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The Asian century is dawning. The world's economic center is shifting from West to East, reshaping geopolitics. While not all Asian countries are successfully moving from industrialization to digitalization, in Southeast Asia, China, India and elsewhere, new technologies including the widespread...
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The Internet has evolved from Web 1.0, with static web pages and limited interactivity, to Web 2.0, with dynamic content that relies on user engagement. This change increased production costs significantly, but the price charged for Internet content has generally remained the same: zero. Because...
Persistent link: https://www.econbiz.de/10011891856
GDP and derived metrics (e.g., productivity) have been central to understanding economic progress and well-being. In principle, the change in consumer surplus (compensating expenditure) provides a superior, and more direct, measure of the change in well-being, especially for digital goods, but...
Persistent link: https://www.econbiz.de/10012453202
GDP and derived metrics (e.g., productivity) have been central to understanding economic progress and well-being. In principle, the change in consumer surplus (compensating expenditure) provides a superior, and more direct, measure of the change in well-being, especially for digital goods, but...
Persistent link: https://www.econbiz.de/10012921524
GDP and derived metrics such as productivity have been central to our understanding of economic progress and well-being. In principle, changes in consumer surplus provide a superior, and more direct, measure of changes in well-being, especially for digital goods. In practice, these alternatives...
Persistent link: https://www.econbiz.de/10012899551