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.

give me a clue so sweet and true

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