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Chris Dillow — A new capital?

Summary:
What does capital do in the digital economy? For one thing it applies the mass market. The huge asymmetry in income is lat least in part due to access to and use of mass markets. Contemporary managerial capitalism and digital entrepreneuring are based on creating new mass markets or capturing a share of existing or developing mass markets.   While this is well known in business, economists haven't yet picked up much on it implications, at least in my roaming around the field as an onlooker. Stumbling and MumblingA new capital?Chris Dillow | Investors Chronicle

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What does capital do in the digital economy?
For one thing it applies the mass market. The huge asymmetry in income is lat least in part due to access to and use of mass markets. Contemporary managerial capitalism and digital entrepreneuring are based on creating new mass markets or capturing a share of existing or developing mass markets.  

While this is well known in business, economists haven't yet picked up much on it implications, at least in my roaming around the field as an onlooker.

Stumbling and Mumbling
A new capital?
Chris Dillow | Investors Chronicle
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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