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Home Page » Categories » Market Dynamics

People would like better batteries but they are wary of making investments. What is required is both a technology push and a market pull.

Donald Sadoway
People would like better batteries but they are wary of making investments. What is required is both a technology push and a market pull.

If it sells, it's art.

Frank Lloyd Wright
If it sells, it's art.

this is to mistake the effect for the cause. In a free economy such ways of making money emerge by an invisible hand from choices made by all of us. It is the demand for cars, oil, cheap food and...

Roger Scruton How to Be a...
this is to mistake the effect for the cause. In a free economy such ways of making money emerge by an invisible hand from choices made by all of us. It is the demand for cars, oil, cheap food and expendable luxuries that is the real cause of the industries that provide these things. Of

In a seminal 1981 paper, the economist Sherwin Rosen worked out the mathematics behind these "winner-take-all" markets. One of his key insights was to explicitly model talent - labeled, innocuously,...

Cal Newport Deep Work: Rules...
In a seminal 1981 paper, the economist Sherwin Rosen worked out the mathematics behind these "winner-take-all" markets. One of his key insights was to explicitly model talent - labeled, innocuously, with the variable q in his formulas - as a factor with "imperfect substitution," which Rosen explains as follows: "Hearing a succession of mediocre singers does not add up to a single outstanding performance." In other words, talent is not a commodity you can buy in bulk and combine to reach the needed levels: There's a premium to being the best.
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