I remember that the Midwest was largely spared from the recession of the early 90’s. Not so this time.
David Warsh writes about John Nash.
“Possessing a framework is not the same as knowing how to use it. It took many years before game theory came to rival traditional price theory as a framework for rigorous economic analysis. It will take many more years before we know which camp has won. Meanwhile, it is always fun to argue about what we mean by a great economist.”
Financial Cryptography, Bermuda, 11-14 March 2002
What happened in cyberlaw during the past year that was significant and enduring — or at least interesting? That’s the question Cyber Law Journal put to several well-regarded law professors and legal practitioners.
Their answers ran the gamut from the government’s legal response to the Sept. 11 attacks to Hollywood’s impressive victory in the U.S.. Court of Appeals for the Second Circuit in the DeCSS copyright case. As in years past, the common element in the experts’ responses seemed to be a sense that Internet law — and cyberspace itself — is still unfolding and that new battle lines are forming even as old conflicts are settled.
Problems with Gift Cards. “Some stores ignore security, putting consumer funds at risk.” [MSNBC]
CIO: What’s New for 2002? To that end, we’ve compiled a list of technologies we think have a shot at making it big in 2002. The current economic climate makes the crystal ball even cloudier than normal, of course, but these apps seem headed for the big time sooner rather than later. [Tomalak’s Realm]
When the risk takers come into their own – John Cook writes in the Seattle Post-Intelligencer:
Despite the uncertainty in the current economic environment, a number of entrepreneurs and VC investors are convinced that now is an auspicious time to start a new venture.
Notes one VC: “Only good sailors go out in stormy seas. The teams and the people who are willing to head out with a new enterprise right now are good people to invest in.”
In fact, some investors point out that three current technology behemoths˜Oracle, Microsoft, Sun˜were all started during a down technology cycle. The article includes a review of potential advantages for a business started during an economic downturn (e.g. less competition, greater access to intellectual capital).