Corporations, Marketplaces, and Individuals

Silicon Valley’s favourite economist, Ronald Coase. Back in 1937, a young Coase wrote “The Nature of the Firm”, calling attention to something strange:

while corporations competed within a competitive marketplace, corporations themselves were not markets. They were hierarchies. If you work for a company, you don’t allocate your time to the highest bidder. You do what your boss tells you; she does what her boss tells her. A few companies dabble with internal marketplaces, but mostly they are islands of command-and-control surrounded by a sea of market transactions.

Think like a supermodel if you want to win from the gig economy, July 15, 2017 at 11:44PM

Seth Godin: Be the different one

A key moment came in one of the first episodes. Everyone on the bridge was freaking out about something or other, and Spock’s line was a simple word: “Fascinating.”

Nimoy first delivered it in the same excited, scared tone as everyone else.

The director took him aside and said, “be the different one.

Easy to say, difficult to do.

By being the different one, Spock became a character for the ages, and changed the center of gravity for the series’ narrative.

Seth’s Blog: Be the different one, July 24, 2017 at 06:22PM