James Fallows on surveillance’s effect on the commercial Internet

I’m pleased that someone picked up on my offhand mention of the likelihood that deep and broad NSA surveillance will have a negative effect on the value of the Internet as a commercial platform for value creation and posted the link on reddit. Thanks! Since I didn’t intend to provide any in-depth analysis on that … More James Fallows on surveillance’s effect on the commercial Internet

Why vertically integrate?

Lest ye think that I am not a fan of vertical integration, given how firm I am in my arguments for the dis-integration of the vertically-integrated, regulated electric utility, I recommend this post from Seth Goldin about reasons why firms vertically integrate. In large part it’s a concise summary of Klein, Crawford, & Alchian (1978), … More Why vertically integrate?

New Chicago mall and Schumpeterian disruptive innovation

Today a new mall is opening in Rosemont, near O’Hare Airport and the Rosemont Convention Center. The Fashion Outlets of Chicago¬†will have a range of familiar factory outlet stores and restaurants, conveniently located near the airport and public transportation (I could even take the el there from KP Chicago HQ!). So what? According to its … More New Chicago mall and Schumpeterian disruptive innovation