notes on economics
I’ve been listening to the Exponent podcast and these are some notes and thoughts that have come out of that.
Product is one thing, but distribution is another vital element.
In the internet age we have moved from scarcity to abundance in many areas, particularly goods and ideas.
When the products or ideas are in abundance the issue is one of filtering or ranking the product and here the distribution channel can ‘automagically’ do this and work for or against you.
Piketty
Piketty’s thesis has been shorthanded as r > g: that the rate of return on capital today — and through most of history — has been higher than general economic growth. This means that simply having money is the best way to get more money.