Economics in one lesson

Econ in a nutshell. (Via Marginal Revolution)

Ha ha

Grat.uito.us - social wishing. Funny.

Social Networking

Nice post discussing theoretical viewpoints that suggest people need objects to mediate sociality (ie, photos on Flickr), and so LinkedIn etc are going to be dominated.

I don't necessarily agree with this - I could quote quite a bit of economic sociology, where sociality isn't mediated by objects, but instead by transactions (Coleman and Burt, for example, if you're interested).

Still, probably the first insightful post I've read about this space in months - highly recommended.

Busy

Too busy to blog today...check out Buzztracker if you're bored.

Although I'm grateful for the linkage and emails, please note my Feed Economics post shouldn't be read simply as 'Technorati lost' - I think it's too early to make that call, because no dominant design's emerged yet for the micromedia ecosystem. The game is not zero-sum (yet).

My point was a little more complex: that that economics is really what shapes successful strategies, which are built around a firm's resources and capabilities. So understanding the deep economics of your industry/technology is crucial in deciding what to do with the capabilities you've got.

Technorati and Bloglines are nicely contrasting examples of strategies built around my take on feed economics - but that's not to say either one's 'won', because the market is still coalescing. I think it's fair to say they've gained and lost near-term advantages, but that's about all. Om summed this up nicely.

Will try and detail some thoughts on this tomorrow, as well as respond to Niall K, who was nice enough to comment.

Commercial Commons

Weinberger discusses Prodigem's licensing scheme/revenue model. Which is one of the first steps in the evolution towards the kind of commercial commons detailed in our concept licenses, where gains are redistributed virally.

Sharing and Metasharing

Reg on Napster users sharing passwords. Lesson: gray markets arbitrage prop rights away when your value prop is out of sync.