Comments on: The Economy is a Network http://timkastelle.org/blog/2010/03/the-economy-is-a-network/ Designed in Brisbane by Tim Kastelle & John Steen Fri, 10 Feb 2012 06:15:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Can Your Friends Make You More Innovative? « Innovation Leadership Network http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-18106 Can Your Friends Make You More Innovative? « Innovation Leadership Network Wed, 26 Jan 2011 20:40:34 +0000 http://timkastelle.org/blog/?p=1457#comment-18106 [...] The economy is a network: in order to understand how innovations diffuse, and how ideas spread, we have to think about the economy as a network. We don’t make decisions in a vacuum – decisions are a social action (see the collected work of Mark Earls on this topic). [...] [...] The economy is a network: in order to understand how innovations diffuse, and how ideas spread, we have to think about the economy as a network. We don’t make decisions in a vacuum – decisions are a social action (see the collected work of Mark Earls on this topic). [...]

]]> By: Adam Smith Explains the Network Economy « Innovation Leadership Network http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-16244 Adam Smith Explains the Network Economy « Innovation Leadership Network Wed, 05 Jan 2011 20:50:19 +0000 http://timkastelle.org/blog/?p=1457#comment-16244 [...] The economy is a network. To understand how new ideas integrate into it, we first have to understand how interconnected and interdependent it is. Here is a passage from The Wealth of Nations by Adam Smith making this point (from Adam Gopnik’s good review of Smith’s work in The New Yorker): The woollen coat, for example, which covers the day-labourer, as coarse and rough as it may appear, is the produce of the joint labour of a multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their different arts to complete even this homely production… Let us consider only what a variety of labour is requisite in order to form that very simple machine, the shears with which the shepherd clips the wool. The miner, the builder of the furnace for smelting the ore, the feller of the timber, the burner of the charcoal to be made use of in the smelting-house, the brick-maker, the brick-layer, the workmen who attend the furnace, the mill-wright, the forger, the smith… Without the assistance and co-operation of many thousands, the very meanest person in a civilised country could not be provided, even according to what we very falsely imagine, the easy and simple manner in which is commonly accommodated. [...] [...] The economy is a network. To understand how new ideas integrate into it, we first have to understand how interconnected and interdependent it is. Here is a passage from The Wealth of Nations by Adam Smith making this point (from Adam Gopnik’s good review of Smith’s work in The New Yorker): The woollen coat, for example, which covers the day-labourer, as coarse and rough as it may appear, is the produce of the joint labour of a multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their different arts to complete even this homely production… Let us consider only what a variety of labour is requisite in order to form that very simple machine, the shears with which the shepherd clips the wool. The miner, the builder of the furnace for smelting the ore, the feller of the timber, the burner of the charcoal to be made use of in the smelting-house, the brick-maker, the brick-layer, the workmen who attend the furnace, the mill-wright, the forger, the smith… Without the assistance and co-operation of many thousands, the very meanest person in a civilised country could not be provided, even according to what we very falsely imagine, the easy and simple manner in which is commonly accommodated. [...]

]]> By: clavier arabe http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-8983 clavier arabe Thu, 12 Aug 2010 21:28:59 +0000 http://timkastelle.org/blog/?p=1457#comment-8983 This is outstanding, Tim. You’re starting to give me ‘post-anxiety’ to come up with things that are just as good. I forwarded it onto some of our economic policy friends in the government sector. thanks This is outstanding, Tim. You’re starting to give me ‘post-anxiety’ to come up with things that are just as good. I forwarded it onto some of our economic policy friends in the government sector.
thanks

]]> By: How to Win in a Network Economy « Business Models « Innovation Leadership Network http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-5894 How to Win in a Network Economy « Business Models « Innovation Leadership Network Tue, 20 Apr 2010 05:47:28 +0000 http://timkastelle.org/blog/?p=1457#comment-5894 [...] economy is a network. I’m Reading Smart World by Richard Ogle and he talks about a couple of the important [...] [...] economy is a network. I’m Reading Smart World by Richard Ogle and he talks about a couple of the important [...]

]]> By: Tim http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-5066 Tim Sun, 21 Mar 2010 19:41:21 +0000 http://timkastelle.org/blog/?p=1457#comment-5066 Thanks Steve - and thanks for stopping by. Thanks Steve – and thanks for stopping by.

]]> By: Steve Dibert http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-5062 Steve Dibert Sun, 21 Mar 2010 17:05:03 +0000 http://timkastelle.org/blog/?p=1457#comment-5062 Excellent post, Tim. Excellent post, Tim.

]]> By: Tim http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-4749 Tim Fri, 12 Mar 2010 08:13:37 +0000 http://timkastelle.org/blog/?p=1457#comment-4749 I know Jon- I apologised both because mentioning wireaerchy would have made it a stronger post and also because itcwould have been good to give you a plug. But I did take your original comment at face value. :-) I know Jon- I apologised both because mentioning wireaerchy would have made it a stronger post and also because itcwould have been good to give you a plug. But I did take your original comment at face value. :-)

]]> By: Jon Husband http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-4742 Jon Husband Fri, 12 Mar 2010 06:12:34 +0000 http://timkastelle.org/blog/?p=1457#comment-4742 I wasn't gently chastising you, Tim. I was just trying to reinforce my beliefs ;-) I wasn’t gently chastising you, Tim. I was just trying to reinforce my beliefs ;-)

]]> By: Tim http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-4712 Tim Wed, 10 Mar 2010 17:56:35 +0000 http://timkastelle.org/blog/?p=1457#comment-4712 It really does, doesn't it Jon? :-) Thanks for the kind words - I did a poor job of pointing to antecedents here, sorry about that! It really does, doesn’t it Jon? :-) Thanks for the kind words – I did a poor job of pointing to antecedents here, sorry about that!

]]> By: Jon Husband http://timkastelle.org/blog/2010/03/the-economy-is-a-network/comment-page-1/#comment-4709 Jon Husband Wed, 10 Mar 2010 15:00:18 +0000 http://timkastelle.org/blog/?p=1457#comment-4709 Seems very much like a <a href="http://www.wirearchy.com" rel="nofollow">"dynamic two-way flow of power and authority, enabled by ... etc."</a> to me. But it would ;-) Very nicely articulated, Tim. Seems very much like a “dynamic two-way flow of power and authority, enabled by … etc.” to me. But it would ;-)

Very nicely articulated, Tim.

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