Dan Goodman's prediction and politics journal.

Tuesday, September 30, 2003

Monday September 29, 2003. Late night thoughts: The marketplace of behavior. People react to each other -- and to the material world -- in ways which they think will get them the results they want. Just as businesses which make too many wrong economic decisions go under, individuals who make too many wrong behavioral decisions go under.

In both cases, they can be kept going longer if the market is made less free. Regulations -- governmental or social -- can protect them from "unfair" competition. They can be subsidized, or supported by price floors.

It seemed unlikely that I was the first person to come up with the idea. A quick google showed that Andrew Odlyzko used the phrase about seven years earlier:

[PDF]The Bumpy Road of Electronic Commerce
... economic efficiency and fairness. There are many examples in the marketplace
of behavior that appears even less fair. For example, in ...

My context: Figuring out what interests me about science fiction. Which boils down to certain kinds of social change, and the people most directly involved. (I haven't gotten more specific yet.)

Odlyzko's context: electronic commerce.

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