To inform, confuse, and enlighten; in economic matters as well as philosophical ones. Jørund Aarsnes and Stephan Jensen write on economics and the human condition.
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Collapse and Creative Destruction

by Stephan

Clay Shirky posted a very interesting article on creative destruction wrought by the emerging ICT-paradigm, in particular on the television industry. Lots of Schumpeterian economic evolution-revolution. Check it out here.

Thanks to my uncle Ashley, a loyal Evolution-Revolution reader, for sending me the link.   Picture from http://affordablehousinginstitute.org/blogs/us/2007/07/the-value-of-foreclosure.html

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3 comments

1 Jørund Holterud Aarsnes { 04.27.10 at 13:20 }

Though, the question stands on the quality of this analysis. Is it a valid generalization made on the basis of a few cases or is it rather journalistic and drmaturgical populism written simply to impresss and entertain with no real substance? for a critiuqe of the essay, check out http://whimsley.typepad.com/whimsley/2010/04/wikibollocks-the-shirky-rules.html

2 Stephan Andreas Jensen { 04.27.10 at 16:09 }

Creative destruction indeed, Jørund. What a wonderful article! I think it deserves a post of its own.

3 The World is Complex, We Disagree with Ourselves or On the Problem of Making Sweeping Generalizations | Evolution-Revolution { 04.27.10 at 17:00 }

[...] week we endorsed an article on collapsing business models, but having read this must-read critique of it and the journalistic [...]

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