Economics Dictionary of Arguments

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Economy: Economy is the system of production, distribution, and consumption of goods and services within a society. It determines how resources are allocated and how goods and services are produced and distributed. See also Economics, Markets, Goods, Labour, Society.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Chris Anderson on Economy - Dictionary of Arguments

I 14
Economy/Anderson: what economy does is to find suitable, easily understandable frameworks to describe real-world phenomena.
I 15
Similarity: For example, with the publication of a successful book in 2004, a similar book from 1988 was again successful and even more so. A few readers had noticed similarities and mentioned them in public reviews. Sales of the second book resulted in considerable sales of the older book.
Long-Tail-Economy/Anderson: Thesis: The economy of the 21st century will look different from that of the 20th century: if it used to be about hits, it will now be about niches. (See Terminology/Anderson).
I 39
Hit economy: in the former economy, hits were used to cross-subsidize the many less successful titles - which in turn were used to incubate possible hits. (Ratio 80/20).
I 41
Long-Tail-Economy/Anderson: there is a prehistory that had nothing to do with the internet: Order numbers, parcel delivery, credit cards, databases, even barcodes. These things have evolved over decades. The Internet has connected them to a network in no time at all.
I 116
If shelving meters (= exhibition space) are no longer in short supply, the offer is no longer arranged in a ratio "good" to "bad", but there is a figure/background problem (noise). The solution to this problem are better search tools.
I 117
Nevertheless, there are differences in the quality of the products on offer - these have become even greater. ((s) They just don't determine the order anymore).
I 201
eBay is both: a long tail of products and a long tail of traders.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Ander I
Chris Anderson
The Long Tail: Why the Future of Business is Selling Less of More New York 2006

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