Two market structures were evaluated in our most recent discussions: classic free markets vs. “natural” markets which come at costs to society. We also evaluated Externalities and Networks. An interesting point is that Networks are clearly valuable for their great ability to connect people and ease transactions; however it should not be overlooked that they can also [...]
Archive for the ‘Reflection’ Category
Reflection on Markets
Posted in Net-centric Economics, Reflection on July 9, 2008 | Leave a Comment »
Factors of Success
Posted in Net-centric Economics, Reflection on July 3, 2008 | 1 Comment »
My learning goals for Net-Centric Economics are surprisingly undefined. I am a heavily goal-oriented person and succeed the most when I have an outlined set of goals to strive for. However, what I am most hoping to gain from this course is quite simply a re-introduction to Economics and insights regarding the digital economy. As [...]
Reflection on Media Economics
Posted in Net-centric Economics, Reflection on July 3, 2008 | 1 Comment »
In reflection of the readings and discussions on June 30, I was most surprised to find that my ability to relate to the Economics subject matter has far increased compared to when I was studying Economics 101 and 102 (micro- and macro-) at age 18.
I found the works Media Economics and “Economics of Information Technology” [...]
