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The World Wide Web and the Wealth of Nations: Does IT Matter?
Published on Apr 24, 20099581 Views
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Chapter list
The World Wide Web and the Wealth of Nations: Does IT Matter?00:00
Part I: Specialization, Coordination and Wealth00:00
Division of Labor and Specialization Gains00:10
Exchange and Coordination01:48
Transaction Costs: “Coordination Is No Free Lunch”03:44
Our Ability to Economize on the Cost of Coordination Constrains Our Ability to Specialize05:00
Macroeconomic Impact of Transaction Costs06:18
Some Drivers of Transaction Costs08:28
Part II: Selected Functions of Enterprises in Markets12:19
Inter-temporal Transformation12:28
Volume Transformation14:06
Risk Transformation14:50
Coordination and Production16:52
Imperfect Information and Uncertainty17:42
… Under Uncertainty19:48
It’s All About Information21:26
Information Overload Is a Myth22:29
Category Systems …24:27
… Are Essential for Efficient Information Processing …25:39
… For Humans and Computers Alike!26:31
Part III: The Economics of Automation27:55
Man Has Tried For Ages ...28:05
When Is Automation Efficient?29:00
Computer Information Systems32:00
Software Reuse32:56
(Simplified) Economics of Reuse34:56
Reuse and the Toy Train: Small or Large Building Blocks35:46
Part IV: Information Technology and the World Wide Web36:04
The Nature of Information Processing in the Machine36:18
Category Systems in the Mind and in the Machine - 137:54
Category Systems in the Mind and in the Machine - 240:18
The World Wide Web - 141:58
The World Wide Web - 243:07
The World Wide Web - 343:08
The World Wide Web - 443:13
The World Wide Web, Essentially43:17
First Web Server44:19
First Browser44:35
Hypertext '91 Conference44:47
The Web Fosters The Particular45:54
Part V: Where Are We Heading?46:39
Recap: Specificity46:51
Growth in Specificty - 147:01
The Range of Production on the Level of the Overall Economy47:25
Growth in Specificity - 249:30
1920: 5168 Types of Goods49:47
Growth in Specificity - 350:43
Growth in Specificity - 451:38
Examples - 152:25
Examples - 253:04
Examples - 353:22
Specificity and Uncertainty53:47
Specificity Creates Long-Tail Effects54:34
Conceptual Specificity Induces Symbolic Specificity56:25
Increased Specificity of Data Structures59:45
Increased Specificity of Processes01:00:18
Long-tail Effects in the Processes Landscape01:01:22
The Money is on the Long Tail01:03:43
Part VI: Does IT Matter?01:04:55
Recap: We Must Master Specificity01:05:12
Computers May Help…01:05:44
Has ICT Lowered the Cost of Coordination?01:06:06
The Productivity Paradox01:06:39
Could ICT Lower the Cost of Coordination?01:09:41
Search: Yellow Pages vs. Google01:11:20
Hepp Computertechnik01:12:01
But: Google Still Insufficient on the Long Tail of Search01:15:15
Part VII: Can IT Be A Commodity?01:18:18
Carr’s Claims01:18:28
What is a Commodity?01:20:18
But: IT Determines the Sensory and Cognitive Performance of Enterprises01:21:10
Component Reuse is Not Equivalent to Turning IT into a Commodity!01:26:17
IT Must Represent the Category Structures of Human Reality01:27:10
Computer Information Systems Show Massive Economies of Scale01:27:42
The World Wide Web Allows Reuse Even on the Long Tail01:28:14
Part VIII: Conclusion01:29:12
Epilogue01:32:38
Thank you01:33:09