I found it pretty insightful. I am sometimes really amazed the way basic economics can shape and influence your thinking - from analyzing the markets for search engines to shaping competitive strategy and analyzing competitor moves. See my earlier post on Economic Complements and Substitutes too.
"Every abundance creates a new scarcity"
- An abundance of information can create a scarcity of context
- An abundance of choice can create a scarcity of advice
- An abundance of content can create a scarcity of time
- An abundance of people competing for your attention can create a scarcity of reputational ways to choose among them.
Monday, May 12, 2008
Economics-101 in action Again
Just came across this one - from Chris Anderson's Blog: