Saturday, October 29, 2005

EconSources! - Economics: Principles and Practices

A really useful resource if you want to learn the basics of Economic thinking...


Tuesday, October 25, 2005

Interesting news!

This is the worth of my MSN blog folks...

My blog is worth $14,678.04.
How much is your blog worth?

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Thursday, October 13, 2005

Parts of America are as Poor as Third World

One of the places I Stumble Upon, has a variety of interesting and exotic as well as informative sites to look at and read. Here is an article I found at mr-infomaniac's weblog regarding a report that came out from the UN.
It is no longer news I think for those of us that live here, but perhaps it could be for some that might not be quit in touch with reality.
I can relate to denial for I grew up in an environment were denial was, and still is a way of life...

Friday, September 30, 2005
UN Hits Back at US in Report Saying Parts of America are as Poor as Third World
Published on Thursday, September 8, 2005 by the lndependent/UK
UN Hits Back at US in Report Saying Parts of America are as Poor as Third World
by Paul Vallely
Parts of the United States are as poor as the Third World, according to a shocking United Nations report on global inequality.
Claims that the New Orleans floods have laid bare a growing racial and economic divide in the US have, until now, been rejected by the American political establishment as emotional rhetoric. But yesterday's UN report provides statistical proof that for many - well beyond those affected by the aftermath of Hurricane Katrina - the great American Dream is an ongoing nightmare.

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Tuesday, October 11, 2005

The Economics of blogging 2 of 2

Then, on the legal side, there are already a few people blogging about the fact that eventually, blogging will have legal ramifications, specially for those that do not adhere to rules of common sense. The idea is that there is the issues of copywright when it comes to posting information, but at this point in time it is probably too early in the game to be able to devise a method whereby these issues can be addressed.

« Court Stops Payment on Hollywood Royalty Check
April 12, 2005
Blink ›
The Law and Economics of Blogging

Lawrence Solum says that this paper by Larry Ribstein is a must-read for bloggers: "Building on blogs' technical features, it identifies the unique aspects of blogs that should have legal ramifications. It then briefly applies this framework to a variety of legal issues."
Bottom line? Work hard, and give credit were credit is due. Then wait...
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The Economics of Blogging-- 1 of 2

Here is a series of articles on the economics of blogging. Basically, how feasible is it for companies and individuals to blog? Is there an incentive to blogging? Is this a trend or a fad? Is it going to be possible to generate a significant amount of revenue as a result of blogging? Is there going to be enough money left for the rest of us trying to get a slice of the economic pie?
These are some of the questions I will attempt to address in the next few posts...
Stay tuned!

...Everyone who follows blogging wonders about the economic model. Do bloggers need to be paid in order for blogging to be sustainable? If so, then who will pay them?

In the simple circular model that I sketched, the blogging system as a whole has value. However, no individual blog is the source of that value. I believe that this collective nature of the benefit of the blogging system is what makes it particularly difficult for an individualized economic model to be successful. Thus, I believe that neither the donation model nor the advertising model will prove to be viable (there may be some transitory exceptions). Instead, I think that payment mechanisms that reward collections of bloggers hold more promise for the long run:
Corporations, nonprofits, and government may come to expect their employees to maintain blogs as part of their jobs. Some of these blogs may be made available externally as well as internally.
Traditional news organizations may pay for a network of bloggers to help in the news filtering process, although blogging will not replace all of the other forms of communication and entertainment in the news media.
Some organizations may use paid bloggers to replace some of their publications. For example, the American Contract Bridge League could give its members access to professional blogs, rather than mailing out a print publication. For that matter, the American Economics Association could do the same.
I sketched a model of blogs in which blogging serves as a filtering mechanism in the dissemination of information. The model is built on assumptions that make blogging very efficient. To the extent that those assumptions mirror reality, then blogging is not a fad. On the contrary, it could have a lot more potential for growth.
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Tuesday, October 04, 2005

goldensky: Internet as a tool for the poor

I really enjoyed comming accross anandsharma's views on life, living, and ... Economics. It reminded me of a book I read in my college days, written by EF Schmacher, called Small is Beautiful...
Anyway, here is part of anandsharma's great posts

goldensky: Internet as a tool for the poor: "Internet as a tool for the poor
I often think that internet has a great potential to understand the world,especially in the hands of the poor.One important aspect of development is to find ways and means by which we can make internet services cheaper and more accessible.

posted by anandsharma at 5:43 PM"
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Monday, October 03, 2005

Small Business Trends

I ran into a Small Business Trends Blog and found it to have a multitude of good information, trends and links all in relationship with Entrepeneurs and entrepeneurship and I thought it would be appropiate for me to mention the site here...

Small Business Trends: "Rise of the Entrepreneurial Class

John Koten, Editor in Chief of Inc magazine, recently spoke about the 'rise of the entrepreneurial class' at a talk I attended at the Cleveland City Club.

He called it one of two key factors in our economy today. A wide range of people today see themselves as entrepreneurs, he says -- everyone from Martha Stewart to Snoop Dog to college kids to retiring Baby Boomers. In his words, 'entrepreneurship is a huge underexpressed force' today, even in large companies.

What's more, people have a desire to be creative in business. That's the other key factor in the economy, he says: the rise of the creative class. People today desire to express themselves, often through art. And artists realize that by integrating business principles with their art, that they can further their art."

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