Posted on Tuesday, 7 February 2012

Don’t Be First to Market, Be First to Scale

by Tim Kastelle

Often when people have an idea for a great new product or service, they rush to be first to market with it. We keep hearing about first-mover advantage and how you need it. The only problem with first-move advantage is that it doesn’t seem to exist. The academic research on the topic shows that there […]

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Posted on Tuesday, 16 November 2010

The Complexity of Economics and the Paradox of Mankiw

by Tim Kastelle

Note: This is a guest post by Neil Kay. It is part of a chapter that he is writing for a book that I am editing with David Rooney and Greg Hearn called Handbook of the Knowledge Economy, volume 2. We’ll post Neil’s chapter as he writes it over the next few weeks. I’ll do […]

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Posted on Tuesday, 16 November 2010

Welcome to the Attention Economy

by Tim Kastelle

Most of the economy now is based on information. Even physical things are embodied information. Consequently, the scarce resource that is being competed for now is our time. Here is how Richard Lanham talks about it in an interview discussing his book The Economics of Attention: The basic argument is simple enough. We’re told that […]

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Posted on Sunday, 14 November 2010

What Does a Knowledge Economy Look Like?

by Tim Kastelle

Note: This is a guest post by Neil Kay. It is the outline of a chapter that he is writing for a book that I am editing with David Rooney and Greg Hearn called Handbook of the Knowledge Economy, volume 2. We’ll post Neil’s chapter as he writes it over the next few weeks. I’ll […]

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