Periodicals>Newsletter Article: Krugman, Paul (September 29, 1996), White Collars Turn Blue, New York Times, Retrieved on 2013-06-14Source Material [www.nytimes.com]
Folksonomies: futurism Memes
14 JUN 2013
Celebrity Economy
This century's last great trend was noted by acute observers in 1996, yet most people failed to appreciate it. While business gurus were proclaiming the new dominance of creativity and innovation over mere production, the growing ease with which information was transmitted and reproduced made it harder for creators to profit from their creations. Nowadays, if you develop a marvelous piece of software, everyone will have downloaded a free copy from the Net the next day. If you record a magnifi...Folksonomies: art information economy
Folksonomies: art information economy
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Endless channels of media allow for more celebrities, but to smaller audiences. In order to make money from media, celebrities must sell more than their works. Their works must serve as advertisements for something else, like paid performances or lectures.
14 JUN 2013
Prediction Errors for the Information Age
Perhaps the best way to describe the flawed vision of fin de siecle futurists is to say that, with few exceptions, they expected the coming of an ''immaculate'' economy -- one in which people would be largely emancipated from any grubby involvement with the physical world. The future, everyone insisted, would bring an ''information economy'' that would mainly produce intangibles. The good jobs would go to ''symbolic analysts,'' who would push icons around on computer screens; knowledge, rathe...Economists misunderstood the value of information and material goods in the information revolutions.
