Web 2.0 Blog – Discovering Innovation Opportunities using Social Media

Posts Tagged ‘economics’

Does Social Media Require a Non-Monetarian Economic Theory?: Barter, Reputation, and Common Good Economics.

Posted by: Ken Fischer in: ● March 27, 2009

Economics, according to wikipedia, is the social science that studies the production, distribution, and consumption of goods and services.
Notice money is not mentioned. But the current theories of economics socio-economic (Kondratieff (Kondratiev), Schumpeter, Kuznets) , fiscal-economic (Keynesian / Monetarist) and political-economic (Libertarian/Austrian) theories are all based on monetary markets.
Well that makes sense because MOST [...]

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Exploring the economic impact of social media

Posted by: Ken Fischer in: ● March 24, 2009

I am not an economist, but sometimes I play one on this blog. Why? Turns out understanding economics is important. Feel free to correct or argue the points I make.
Socioeconomic (Kondratieff (Kondratiev), Schumpeter, Kuznets) theory seems to be driving the current deflationary cycle more so than fiscal economic (Keynesian / Monetarist) or political economic [...]

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Social Media and Economics: Is Schumpeter the key to linking the 2?

Posted by: Ken Fischer in: ● March 7, 2009

Note: I have no education in economics but economics is beginning to trump all other concerns primarily due to a lack of trust in financial markets, so I am trying to pay attention.  Since one use of social media is to engender trust, can social media play a role in mitigating the damage from the [...]

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