The App Economy

Michael Mandel’s article on the app economy is up. My initial comments here, though they now sound off mark against Mandel’s Atlantic piece.

My favorite bit:

Historically, industries that are job leaders during recessions tend to drive the expansion that follows. Once again, we confirm that innovation creates jobs in ways that cannot be anticipated beforehand. This is the future of industrialized countries.

It’s interesting to imagine what a world with a more substantial app economy would look like. More distributed, more virtual. This would probably be an economy marginally less dependent on large capital deployments and more dependent on open-source projects to upgrade infrastructure.

I’d be very interested to hear Tyler Cowen speculate on the implications for the app economy on TGS.

Some earlier comments of mine on the app economy.

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