
One of the most respected behavioral economists in the world and coauthor of the "best economics blog in the universe"* offers an essential guide to success in a radically new hyper-networked age. How will we live well in a super-networked, information-soaked, yet predictably irrational world? The only way to know is to understand how the way we think is changing.As economist Tyler Cowen boldly shows in Create Your Own Economy, the way we think now is changing more rapidly than it has in a very long time. Not since the Industrial Revolution has a man-made creation—in this case, the World Wide Web—so greatly influenced the way our minds work and our human potential. Cowen argues brilliantly that we are breaking down cultural information into ever-smaller tidbits, ordering and reordering them in our minds (and our computers) to meet our own specific needs. Create Your Own Economy explains why the coming world of Web 3.0 is good for us;...
This demand is what is pushing us towards a vast accumulation of bite-sized delicacies - 2-minute video clips, 5-minute video games, <500 word blog posts, etc. A lot of classical inefficiencies are cleared out of the way by this - if it's all merit-driven, the work has to be as good as possible for as many people as possible - which means small budgets, a minimum of franchising and lock-in, a minimum of editorializing. It's gotta be tiny and focused, so that it can be reused. Sort of like Unix. There's plenty of room for quality, but it has to stand alone, be very accessible, and not get buried inside a sprawling monolithic work.
This doesn't mean that the long form is dead, just that it's more likely to exist in the future as a patchwork composite of generics. That is our natural tendency; it facilitates language to do so.
I was at a launch event for 'Create Your Own Economy' in Washington DC. It was a small event, at least small enough I had a chance to talk with Mr. Cowen uninterrupted for five or ten minutes while I bought a copy of his book.
Having read Satoshi's whitepaper a month or so prior, and being pretty excited about it, I attempted to describe the idea of a currency without a central authority to Mr. Cowen. I don't remember his exact words, but his basic sentiment was 'That's not possible, and even if it is, nobody would value it'.
The conversation made enough of an impression on him he signed my book 'To Tim - To the Idea of Fantasy'.
So I 100% agree, there's no way he would have funded Satoshi.
EDIT: He also wrote a similar webbed article http://chronicle.com/article/Autism-as-Academic-Paradigm/470... This was discussed on HN some time ago; I was going to include a link to the discussion but the WebMynd search was taking way too long.
Current: Real World Haskell
