The Age of the Infovore: Succeeding in the Information Economy
by Tyler Cowen · 25 May 2010 · 254pp · 72,929 words
.” —Samuel R. Sommers, assistant professor of psychology, Tufts University ALSO BY TYLER COWEN Discover Your Inner Economist THE AGE OF THE INFOVORE SUCCEEDING IN THE INFORMATION ECONOMY Tyler Cowen Previously published as Create Your Own Economy A PLUME BOOK PLUME Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street
Extreme Economies: Survival, Failure, Future – Lessons From the World’s Limits
by Richard Davies · 4 Sep 2019 · 412pp · 128,042 words
number of shops and traders that are permitted. Without close administration, Zaatari became a lawless place, with fights breaking out. At the same time an informal economy flowered as Syrians, determined to re-create a little of the economic life they had left behind, set up mini versions of the companies they
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for the Syrians there is a tension that comes with this transience. A declining population, meaning fewer customers and fewer jobs in the camp’s informal economy, is a big worry for those who must stay. And people are leaving the camp for less happy reasons too, the refugees say. The Jordanian
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planning to pimp bikes – he was a car mechanic. But these entrepreneurs, their staff, customers and competitors take pride in what they do, and the informal economy of Zaatari means that over 60 per cent of people have jobs. The work can be hard and cold, and for some it comes at
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people, is over. Prisons should, in theory, be places like the Azraq refugee camp – artificial societies where the human urge to trade and construct an informal economy are suppressed. Yet across the world underground economies flourish in prisons and history seems to suggest it has always been so. In one of the
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economies of the Louisiana prison system offers a vital lesson, which builds on life in Aceh and Zaatari. It stems from the power of the informal economy in enabling a society to recover from a shock, and the extraordinary levels of effort and innovation that people will commit to establish a trading
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the communities in the first part of the book showed the best of economics. These are places where people start with nothing but build an informal economy in which they innovate, often inventing an unofficial currency, creating markets from scratch and trading to each other’s mutual benefit. This reaction to economic
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are public-sector workers, such as police officers and teachers. ‘These people get by but have little security,’ Father Mongambo explains, ‘so they use the informal economy as a backup.’ The bottom level consists of people with no official employment. ‘This is the biggest level, by far,’ the priest says. The country
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few days.’ CONSTITUTIONALLY RESILIENT Stories like this are troubling, since it soon becomes clear that the people of modern Kinshasa rely on their local, often informal, economy as a safety net. The philosophy of self-reliance – of resilience through trade, barter and exchange – is so common here that it has a nickname
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knocking-off time. The Congolese state is active but parasitic, a corruption superstructure that often works directly against the interests of its people. The massive informal economy that has risen up, built on the do-it-yourself culture of ‘Article 15’, is a direct response. Darien’s failure was ultimately down to
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, the lack of reliable public transport and the constant agitation of police road blocks make the journey home brutal. But the city works, with the informal economy solving this problem by turning roads into supermarket aisles. Wherever you live in this city and wherever you work, any conceivable item to feed and
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members of his congregation can sometimes be owed 11 months’ wages. With corruption at all levels making the tax system leaky, together with a huge informal economy that contributes no tax, the Congolese state is threadbare. The transport workers’ difficulties are shared by teachers, doctors and the police, who are paid months
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a kind of privatization of the state has occurred, with direct, micro-level deals done between citizens and state employees. In Kinshasa the organic and informal economy delves into areas of life, such as policing, that even the most market-orientated countries regard as public or state functions. In its span and
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depth, the informal economy is greater than we appreciate. But this city, like the Darien Gap, offers a warning about the limits of all this. The culture of débrouillez
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has been stretched to make a sizeable greenhouse. Just like economies in the first two sections of this book, Akita is another place where the informal economy has kicked in. Many of the elderly couples here are more than self-sufficient, taking the fruit and vegetables from their greenhouses to local michi
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to over 650 per cent in 1973. With prices growing faster than wages, Chilean workers’ buying power fell almost 40 per cent in 1973. The informal economy kicked in, with pirate vendors selling goods on black markets; in response, the government announced a plan to ban the sale of 30 key staples
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to make parts of economic life that are currently hidden from view a central part of our statistics, debate and policies. The role of the informal economy, which is bigger, more sophisticated and more innovative than policymakers understand, is a huge gap. Wherever I went in the world, by spending time talking
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and Olsson (2011). On corruption under Mobutu, see Reno (2006). The pirate city There are few modern estimates of the extent of the ‘Article 15’ informal economy, but its importance is discussed in Putzel et al. (2008), with some estimates given in IMF (2015). The Kinoise reaction – to build informal villages within
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Kenya: refugee camps 45, 46 Keynes, John Maynard 5, 7 Kinshasa 6, 140, 141–75, corruption 143, 145–6, 148, 159–61, 168, 333, 361 informal economy 142, 146, 148, 163, 166, 167–8, 170, 173, 334 natural wealth 143 pillages 157–8 police 159–61 roads as informal markets 163–6
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refugee camp 6, 40, 41–73, 86, 89, 100, 163, 173, 308, 331, 332, 334, 335, 348, 349 declining population 57 education 67, 71, 349 informal economy 43, 45, 47, 57, 61, 64, 71, 72, 86 smuggler children 42, 46–8, 68 supermarkets 48–53, 64, 348 trade development 43–57, 67
From Counterculture to Cyberculture: Stewart Brand, the Whole Earth Network, and the Rise of Digital Utopianism
by Fred Turner · 31 Aug 2006 · 339pp · 57,031 words
metaphor for the organization of production and labor, but this time that link promised to liberate both individuals and society. How was it that the informational economy came to be seen not as an oppressive force, but as a site of political and cultural change? In order to answer this question, we
Postcapitalism: A Guide to Our Future
by Paul Mason · 29 Jul 2015 · 378pp · 110,518 words
many generations of rebels wasted their lives in garrets writing angry poetry, cursing the injustice of the world and their own paralysis? But in an information economy, the relationship of thought to action changes. In hi-tech engineering, before a single piece of metal is shaped, objects are designed virtually, tested virtually
Digital Empires: The Global Battle to Regulate Technology
by Anu Bradford · 25 Sep 2023 · 898pp · 236,779 words
Act on Improving Transparency and Fairness of Digital Platforms (TFDPA), Japan Ministry Econ. Trade & Indus., https://www.meti.go.jp/english/policy/mono_info_service/information_economy/digital_platforms/tfdpa.html (last updated Apr. 16, 2021). 144.Designation of Digital Platform Providers Subject to Specific Regulations Under the Act on Improving Transparency
Off the Books
by Sudhir Alladi Venkatesh
) One study focuses on individual participants, rather than sector of trade, and finds that each year four out of five Americans purchase something in the informal economy; this could lead to estimations of overall size that dwarf the IRS estimates. Another report indicated that 25 percent of the labor force (in 1983
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gangs and other economic actors. The social dynamics in Maquis Park make evident that there is a partly symbiotic relationship between the formal and the informal economy, where legitimate and shady traders work with one another in their respective efforts to make money. The gang must be viewed as a part of
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. The study of underground economic activity in American inner cities was not well established until the seventies, when Louis Ferman published a pathbreaking paper on "informal economies." (See L. Ferman and P. Ferman, "The Structural Underpinning of the Irregular Economy," Poverty and Human Resources Abstracts 8 [1978]: 3-17.) Until that time
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. Benton, eds., The Informal Economy: Studies in Advanced and Less Developed Countries (Baltimore: Johns Hopkins University Press, 1989). Two prominent U.S. government studies also observes this distinction. See U
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is not clear what makes some activities more criminal than others. For an example of this ad-hoc conceptualization, see Portes, Castells, and Benton, The Informal Economy. 6. For a general survey of the difficulties in estimating unreported earnings, see E. Feige, "How Big Is the Irregular Economy?" Challenge 12 (1979): 5
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., day care, barter) that are not integrated into mainstream institutions. See M. Hoyman, "Female Participation in the Informal Economy: A Neglected Issue," in The Annals of the American Academy of Political and Social Science: The Informal Economy, ed. L. Ferman, S. Henry, and M. Hoyman (Newbury Park, Calif.: Sage, 1987), esp. 72. 8. The
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Institution Press, 1999), 473-520, quote at 274. 11. For essays on informalization and immigration, see Alejandro Portes, Manuel Castells, and Lauren Benton, eds., The Informal Economy: Studies in Advanced and Less Developed Countries (Baltimore: Johns Hopkins University Press, 2004). 12. About half of startup businesses in general close after four years
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does not necessarily mean failure: businesses may merge, proprietors may find new and better economic opportunities, and so on. See Portes, Castells, and Benton, The Informal Economy, Brian Head, Business Success: Factors Leading to Surviving and Closing Successfully, Working Paper #CES-WP-01-01 (Washington, D.C.: Center for Economic Studies, U
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); J. J. Thomas, Informal Economic Activity (London: Harvester Wheatsheaf, 1992); Alejandro Fortes, Manuel Castells, and Lauren Benton, "Conclusion: The Policy Implications of Informality," in The Informal Economy: Studies in Advances and Less Developed Countries, ed. A. Portes, M. Castells, and L. Benton (Baltimore: Johns Hopkins University Press, 1989); Vito Tanzi, "The Underground
Hustle and Gig: Struggling and Surviving in the Sharing Economy
by Alexandrea J. Ravenelle · 12 Mar 2019 · 349pp · 98,309 words
gig economy, the workers who are most likely to succeed are those who have social and financial capital. This work also has implications for the informal economy, defined as “those actions of economic agents that fail to adhere to the established institutional rules or are denied their protection.”62 Most
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informal-economy research is focused on illegal markets or examines developing or emerging economies.63 The concept of the informal economy originates with Keith Hart’s study of urban markets in Africa.64 Other researchers have studied
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Fiona Greig. 2016. The Online Platform Economy: Has Growth Peaked? New York: JP Morgan Chase Institute. Feige, Edgar L. 1990. “Defining and Estimating Underground and Informal Economies: The New Institutional Economics Approach.” World Development 18(7):989–1002. Fermino, Jennifer. 2015. “Airbnb Taking Up 1 out of 5 Vacant Apartments in Popular
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Out in the New Economy: How People Find (or Don’t Find) Work Today. Chicago: University of Chicago Press. Kindle edition. Gershuny, Jonathan. 1979. “The Informal Economy.” Futures 11(1):3–15. ———. 1985. “Economic Development and Change in the Mode of Provision of Services.” In Beyond Employment: Household, Gender and Subsistence, ed
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: How I Stopped Worrying about What to Do with My Life and Started Driving a Yellow Cab. New York: Random House. Portes, Alejandro. 1994. “The Informal Economy and Its Paradoxes.” In Handbook of Economic Sociology, ed. Neil J. Smelser and Richard Swedberg, 426–49. Princeton, NJ: Princeton University Press. Poston, Ben, and
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Act and, 71 Independent Drivers Guild, 71–72 independent worker category, 201, 202 Industrial Revolution, 31, 66, 92 Industrial Workers of the World (IWW), 69 informal economy, 186–87 information collection, 15, 27, 30 information data exhaust, 30 injuries. See workplace injuries instability, 37–38 Instacart, 41, 172, 190, 207 Instant Book
The Truth Machine: The Blockchain and the Future of Everything
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that simply giving networks of computers a way to share data directly wasn’t enough to prevent large corporate entities from taking control of the information economy. Silicon Valley’s anti-establishment coders hadn’t reckoned with the challenge of trust and how society traditionally turns to centralized institutions to deal with
Radical Markets: Uprooting Capitalism and Democracy for a Just Society
by Eric Posner and E. Weyl · 14 May 2018 · 463pp · 105,197 words
honest about how it uses data and pays for the value it receives with money. The user’s role as a vital cog in the information economy—as data producer and seller—is highlighted. Why is this important? Most people do not realize the extent to which their labor—as data producers
The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality
by Brink Lindsey · 12 Oct 2017 · 288pp · 64,771 words
to entry or special subsidies. The increase in Tobin’s Q surely reflects the increasing relative importance of intangible productive assets in the post-industrial information economy, but it may also be a warning sign of an increase in rent-seeking. Meanwhile, it appears that many US industries are growing increasingly concentrated
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