Dr Axel Weber on risk and uncertainty

Very good lecture at LSE by Dr Axel Weber on uncertainty – well actually on ‘The interplay of markets and politics’, though his argument was that these equal uncertainty. Some points: – traditionally the distinguishing sign of mature as opposed to developing markets was that in mature markets you focussed on economic issues and did…

Quantifying natural beauty

An intriguing article by Serensinhe at al reports an experiment in ‘using deep learning to quantify the beauty of outdoor places’. This struck a chord, because of Kant’s assertion that aesthetic judgements are a philosophical hybrid. When I like a view, my aesthetic judgement is purely subjective (there is no ‘objective’ reason for it) –…

On the materiality of learning

For some reason, I have spent the last couple of weeks studying Petrarch. Petrarch was of course one of the first humanists. He was one of the first of them to seek out old manuscripts of Greek and Latin authors, to translate them. and to prepare improved editions by comparing multiple sources. Trying to find…

On the experience economy

The experience economy is the name for “Pine and Gilmoreā€™s (1999) assertion that the developed world was moving from a service- to an experience-based economy […which…] was based partly on their analysis of the growth of US leisure and tourism attractions, such as theme parks, concerts, cinema and sports events, which they found to outperform…

On platforms 2

Platforms 2 Yesterday I went to a workshop at LSE on ‘Digital Platforms’. This considered the theory behind social platforms such as Twiter and also the Apple apps store. Dr Kevin Boudreau spoke about the economics of app development and hosting on the Apple platform. His argument was that this platform provides a very low…

On platforms 1

On Platforms (part 1) A serendipitous two days: firstly the Google Cloud Next 17exhibition at Excel, and next a workshop at LSE on digital platforms. The Google event was lavish: the middle manager as rock star. (We got as high as a Senior Vice President). Free food, some comfortable chairs, sinister photographers lurking in the…

What is the digital economy?

The OECD Forum in Paris last week brought together a large number of people interested in economic and social questions, many from a digital viewpoint. But I found myself wondering what exactly the ‘digital economy’ is. Luckily, the OECD publishes a biennial OECD Digital Economy Outlook, so I looked through the current (2015) version, to…