Monday, June 15, 2009
Post No. 122c: Thinking About Innovation and Business Models
We're always interested in different ways of viewing subjects.
To the right of our blog, in the light green column below our Shelfari bookshelf, appears what is referred to in the blogosphere as our “blogroll.” It is a list of blogs which we find to be of interest, and links to them are provided. One of the nifty aspects of New Media technology is that it provides the ability to exponentially expand one’s realm of contact. Folks can “stumble” on your content without you actually directing them toward it.
One of the more interesting blogs which we follow is that of J.P. Rangaswami. His blog, Confused of Calcutta, is about information. Rangaswami was born in Calcutta, and lived there for half of his life before immigrating to the United Kingdom in 1980.
Originally an economist and financial journalist, he now considers himself to be an “accidental technologist.” He deals in the ether where finance meets technology.
He recently generated a post about long-term business cycles and author Hugh MacLeod's upcoming book. It so piqued our interest, and made us think about issues currently being battered around about the global economy, that we thought that you might also find it to be of interest.
Check it out. Some of his references to other thinkers on the subject might prompt you, as it did us, to do some further reading about economic theory and business.
Nothing is ever quite is simple as it may first appear.
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There are a number of economic theories regarding business cycles. Most are based on studies of historical cycles and are logical and straightforward. As we go through each downturn in a cycle, we try to apply safeguards in order to prevent a future downturn based on the same triggers. Well, at least in the last hundred years or so. It is how we got the Fed and many regulatory agencies and a number of regulations. But I think that is much like designing vaccines based on last year's flu.
ReplyDeleteI advocate a policy of do the least harm by interfering the minimal amount. Of course, that is not followed by our government nor is it popular. However, I believe that business and economic cycles should be allowed to play out and only "safety nets" be put in place to protect those who are part of the "collateral damage." Postponing a downturn only seems to make it worse when it does finally hit.
So long as those safety nets are in place, I can live with that analysis.
ReplyDeleteSo long as those safety nets are in place, I can live with that analysis.
ReplyDelete