Wikipedia has become a staple in each of our lives. No matter what information we may be in search of, Wikipedia either provides what we are looking for or offers a great launching off point to further research. And while most of us routinely use the site to aid us on our quest for knowledge, few know that the site was born out of a deep respect for the work of economist, F.A. Hayek.
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The Mother of All Demos was presented by Douglas Engelbart 52 years ago in San Francisco. Its goal was to show how technology could augment the capabilities of the human mind. For the first time in the history, the windows graphic user interface, hypertext, display monitor, word processing, file linking, keyboard and mouse were on display.
Think of this type of local knowledge and interaction as generating countless small moments of accountability instead of a blanket rule. Clients aren’t being offered unlimited help; they’re people helped by other people who can react both socially and with actual aid in real-time.
Framing the phenomenon as a problem implies that there is a solution, and that there is something that can and should be done. It may well be a predicament — as indeed growing older at the personal level is. If you think of it as a predicament rather than as a problem, then you will not search for solutions but rather for ways of managing it and making the best of it.
Digital eye exams offered through companies like Opternative and subscription-based services like Hubble are helping to decentralize vision coverage, making it more affordable and accessible to everyone, whether they have insurance or not.
Rising inequality in terms of wealth is a sign of shrinking lifestyle inequality between the rich and poor. Think about it. Entrepreneurs generally amass great wealth by virtue of mass-producing the goods and services previously only enjoyed by the rich.
Super-connecting is the new metaphor of entrepreneurship. The entrepreneur today is an orchestrator, a super-connector of knowledge, technology, collaborators and capital. All of these inputs are available in real time as a result of today’s technologies.
Last month the world celebrated the birthday of the hashtag. As a writer, I am always looking for interesting and current topics to tackle. But this particular topic seemed completely insignificant to me. The symbol itself has existed for years. Why should I care about the anniversary of its repurposed use? But upon further investigation, […]
While the last article addressed the concept of the knowledge problem and how Wales had specifically set out to solve this problem. But in addition to making information accessible to all those who seek it, Wales also incorporated another aspect of Hayekian economics when he created Wikipedia: spontaneous order.
A no pain no gain mindset, and high intensity interval training, are probably bad decisions for most people. In personal finance, bad decisions involve maximum risk tolerance, market forecasts, faulty return projections, beating the market, and staying the course.
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