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on information asymmetry
The fact that different people know different things: workers know more about their ability than does the firm; the person buying insurance knows more about his health, whether he smokes and drinks immoderately, than the insurance firm; the owner of a car knows more about the car than potential buyers; the owner of a firm [...]
Continue reading...On online community, Gemeinschaft and Gesellschaft
5. June 2008
“All kinds of social co-existence that are familiar, comfortable, and exclusive are to be understood as belonging to Gemeinschaft. Gesellschaft means life in the public sphere, in the outside world. In Gemeinschaft we are united from the moment of our birth with our own folk for better or worse. We go out into Gesellschaft as [...]
Continue reading...on advertising and culture
2. June 2008
“Advertising and the culture industry merge technically as well as economically. In both cases the same thing can be seen in innumerable places, and the mechanical repetition of the same culture product has come to be the same as that of the propaganda slogan. In both cases the standards are striking yet familiar, the easy yet catchy, the skillful [...]
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P.S:
There has been much of politics going on between FIFA, Budweiser and Bittburger concerning who’ll get the representation and exclusive marketing rights to the tournament… Read more here
31. August 2008
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