Media in Transition

In our highly specialized economy the main value-added activity is actually the coordination of resources, such as brainpower, energy, raw and processed materials. In Economics we call the costs of organization transaction costs. Nobel laureate Douglas North (Economic History) managed to explain the path humanity took in world history according to lowering transaction costs (institutions) […]

Peter A. Buxbaum writes in the Social Computing Magazine about how the U.S. Military is learning from Youtube, MySpace, Facebook and Web 2.0 to improve operations and knowledge sharing - http://socialcomputingmagazine.com/viewcolumn.cfm?colid=477 (for subscribers of Social Computing Magazine) or at http://www.military-information-technology.com/article.cfm?DocID=2082
Web 2.0 tools and technologies – allowing for the combination of information from different sources […]