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In the data analytics society, insurance companies can (potentially) access previously unimaginable amounts of data about consumers, both personal data concerning individuals and statistical data concerning various communities. This chapter asks a provocative question: is this bad? Put in a more...
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The paper hypothesizes that due to developments in computing and data analytics technologies, an economic order based on planning might soon be feasible, and potentially more efficient than that based on individual property, contract and market exchange. I explore the consequences of this claim...
Persistent link: https://www.econbiz.de/10012840953
This essay envisions a “world of fifty facebooks,” where numerous companies would offer interoperable services, similar to the one currently provided by Facebook Inc. As is the case with telephones, where customers of AT&T can call and text those of T-Mobile or Verizon, users of A-Book...
Persistent link: https://www.econbiz.de/10012841369