7 September 2009 - attention

Jay Scott : Daily Whale : archive : 2009 : 7 September 2009

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The Economics of Not Looking the Other Way

It explains so much. Demagogues—celebrities—spam—all because attention is an externality.

clue:

Because we don’t charge for the attention we pay, it causes economic distortions. One is that advertising and its subgenre spam are out of control.

take oh take this clue away

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