peer production
In Europe in the sixteenth and seventeenth centuries, trade rapidly expanded. An important part of that expansion was increasing articulation of trade — from producer to consumer, to producer to trader to consumer, to producer to trader to trader to consumer. Exchanges among traders seem not to have any conventional, worthy motivation. Individual traders do [...]
Tagged: law
inaugurating the Carnival of the Bureaucrats
Faceless bureaucrats — show your faces! I am now welcoming submissions to the new (ugh) Carnival of the Bureaucrats. Rules: Submissions must come from bloggers with a day job in a bureaucracy. Except as provided in rules 3 to 5, and subject to the waiver procedure established under rule 7, to be eligible under rule [...]
wisdom from purple motes
Don’t go looking for funny in the funny category, funny is everywhere but where you look for it.
evaluating monetary policy
Funniest. Video. Ever. And its production quality is probably better than what Hollywood was doing twenty-five years ago. Web junk is quality entertainment. P.S. – It’s got about 500,000 views. Makes me proud to be an economist!
limitations of crowdsourcing
The brainpower of all human being around the earth is vastly underutilized. Organizing production to give more persons more opportunities to use their brains can make a huge contribution to the common good. “Crowdsourcing” describes some new production arrangements. An interesting example of crowdsourcing is InnoCentive. InnoCentive mediates between companies seeking solutions to R&D problems [...]