Where does wealth come from?Submitted by Michael Nystrom on Tue, 11/12/2013 - 21:14
We continue along in the reading of Jaron Lanier's new book, Who Owns the Future?. I began this discussion here on the DP by rebroadcasting a question he raised: What is so interesting about you that you're worth spying on? He is not talking about the NSA, but rather private commercial enterprises.
At Loc 597 (8% into the book), he states:
Much of this book concerns wealth creation, for instance, and yet a consensus on where wealth comes from remains elusive.
I know there are many folks here who subscribe to Austrian economics. What is your opinion on this?
I make no claim to be an economist. As a computer scientist, however, I consider how information systems evolve, and that can provide a window on economics that might be of use. Any information technology, fromthe most ancient money to the latest cloud computing, is based fundamentally on design judgements about what to remember and what to forget. Money is simply another information system. The essential questions about money, therefore, are what they always have been with information systems. What is remembered? What is forgotten?