In my last post (Transaction Costs — Part 1) I claimed that the fundamental role of ICT is reduction of transaction costs. What, you may ask, is transaction costs? The answer is this: pretty much everything is transaction costs, with… Read More ›
Month: November 2003
The subtitle of a recent Infoworld article India Plans to $2.7 billion IT investment is Government embarks on four-year effort to bridge digital divide and it fills me with dread.
Yuvaraj Galada alerted me to the October 26th, 2003, edition of Fortune in which Warren Buffet worries that “America’s Growing Trade Deficit Is Selling the Nation Out From Under Us.” Then he suggests a remedy for the problem. The solution… Read More ›