This blog is all about innovation systems. It retains the initial focus on the international architecture of industrial clustering, industry definitions and the patterns of industry level 'business' models. However, my interests are also shifting to the next level of macro questions. How do these architectures operate within and shape the global economy? In what ways is technology and innovation the transformation driver of macro-economics?
Monday, September 26, 2011
The technology of economics
In my recent previous posts I have begun to work through the idea that economics as we currently have it is a technology. Curiously, I had to laugh when a recent TED talk featured Niall Ferguson talking about "The 6 killer apps of
prosperity". The means of communicating the idea of the institutions critical to a modern economy was to call then apps - ie a technology. It is worth watching. http://www.ted.com/talks/niall_ferguson_the_6_killer_apps_of_prosperity.html
But the one for me that is real eye opener was this TED talk on algorithms. This is absolutely worth watching.
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