Tidal Economics

My name is Kelly Rogers: economist and abuser of metaphors.

This blog is focused on my major (both literal and descriptive) love of economics and its changing field.

There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.
-William Shakespeare

edwardspoonhands:

WALL OF TEXT ABOUT ONLINE VIDEO!

Everything about online video is different from television (aside from the fact that lots of images are displayed in sequence in order to create the illusion of movement.)

The way the content is made is different, the mindset of the audience is different, the way…

What Pew found was not an entitled generation but a complex and introspective one — with a far higher proportion of nonwhites than its predecessors as well as a greater number of people raised by a single parent. Its members also have weathered many large public traumas: the terrorist attacks of Sept. 11, costly (and unresolved) wars, the Great Recession. Add to those the flood of images of Iraq and Katrina (and, for older millennials, Oklahoma City and Columbine) — episodes lived and relived, played and replayed, on TV and computer screens.

For a generation digitally wired from childhood, and reared on apocalyptic videos and computer-generated movie epics, not to mention the exploits of hackers, these events showed the real world to be as tightly networked, and for that reason as easily disrupted as the virtual one, even as the grown-ups in charge, the guardians of order, seemed overwhelmed and overmatched, always a step behind.

It is no surprise, as Pew reported, that the millennial generation is skeptical of institutions — political and religious — and prefers to improvise solutions to the challenges of the moment. It is one thing to own a smartphone, as so many of us do. It is quite another to have mastered its uses at age 10.

Thus, in a range of areas, millennials have not only caught up, but have jumped out in front.

http://www.nytimes.com/2014/08/17/fashion/the-millennials-are-generation-nice.html?_r=0

edwardspoonhands:

Sittin’ here writing a script and realizing that the reason Uber and Lyft are fighting so hard right now (and having so much investment capital dumped into them by rich people) is that in 10 years, all cars will be driven by robots and thus taxi services will be much cheaper but still very high margin. Uber wants very badly to kill Lyft now, while it’s young, so that there’s less (or no) competition in that uber-profitable future (pun intended.)

thebicker:

THIS IS MY UNSURPRISED FACE.

(via frostnozzle)

magneito:

the coolest part of harry potter to me is that the wizarding world is a really neat example of how innovation is born from necessity, and how a lack of necessity will ultimately stunt a society by hundreds of years of advances

(via the-sexual-experience)

effyeahnerdfighters:

Who Owns a Monkey’s Selfie? And a Song About Meningitis!

Due to brain fog, I didn’t explain any of the copyright stuff particularly well, but (in summation) a photographer is suing the Wikimedia Foundation (the people who create Wikipedia) for acting as if a photograph is in the public domain when he believes it is not. The only way to determine who is correct is to have a judge decide…that’s how copyright law works, which is really weird. 

I mean, the question also becomes, if I drop my camera and it takes a really great shot…do I own that picture or not, just because the force of gravity took it. 

Also, I’m curious whether the work of a non-human owned by a human (like a dog) would pass to that human. Just like something created by a piece of computer software would be owned by the person who owns the software. It doesn’t change this case because no one owns that monkey. 

ANYHOW! Feel better John, and let’s hope Calvin Harris doesn’t sue us :-)

humblebundle:



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iheartchaos:

Watch a cocoa farmer from Ivory Coast try chocolate for the first time

Ivory Coast is one of the world’s biggest producers and exporters of cocoa beans, but the hard working farmers that harvest often have no idea what people in other countries use the bitter beans for. Watch the pure sweet glee on this farmer’s face when he has chocolate for the first time, and how enthusiastic he becomes on sharing with the rest of his friends and family.

(via reposefultube)

tastefullyoffensive:

Smart phones are making us antisocial. [x]