understanding the economics of time and attention, which are the ultimate scarce goods
With the aid of high-tech equipment not in general public use, the U.S. Federal Communications Commission (FCC) monitors radiation emanating from a variety of sities, including homes. In addition, the FCC claims legal authority to enter a home without a search warrant, find a device of concern, and collect information about it (“inspect radio equipment”). … Continue reading warrantless searches: the banal and the newsworthy
In Sense in Communications, I distinguished among three models of communication: information transfer, story-telling, and presence. These models of communication directly relate to business visions. Information transfer is central to Google’s mission: “to organize the world’s information and make it universally accessible and useful.” Story-telling is at the heart of the television and film entertainment … Continue reading communication: three business visions
Back in 2001, I documented that the share of advertising spending in total economic output (GDP) and real advertising spending per person-hour of media use has been roughly constant since 1925. The development of new sensuous forms of media, such as radio and television, did not change the macroeconomics of advertising. Google (GOOG) has acquired … Continue reading advertising and information