Nicholas Gruen is organizing a group subscription to Crikey. Big savings are available. To capture network externalities, get in contact with him. Details here
Click to buy at Black Inc
an economist who is good in theory but on the far left in practice
Michael Stutchbury, The Australian"I do not know how he is a professor, but anyway he purports to be an economist" Senator Richard Alston, ex-Minister for Communications
"One of the elder statesmen of the Oz blogosphere" - Age Media Blog
"More intelligent than Britney Spears"Jason Soon
"The great neo-classical iconoclast"Ross Gittins
"A green activist with a totalitarian mindset", editorial, The Australian
"would argue under a pile of wet statistics and produces more copy than Xerox". Stephen Matchett in the Australian
"the odd Quiggan (sic) is good mental exercise; all part of life's rich tapestry et al."Peter Jonson
"Wrong", "incorrect", "off the mark again" Institute for Public Affairs, Institute for Private Enterprise, Centre for Independent Studies etc.
"Never wrong"Tim Blair
"A compassionate exponent of the dismal science" Stewart Fist
"An indispensable weblog"Bear Left
"Quiggin strikes me as the stereotype of an Australian - joyful, hearty, and not particularly aware of his own strength."SomeCallMeTim
"Krugman of the Antipodes"Christopher Joye
" ... his chief delight was drinking cups of coffee at odd hours" Anthony Powell A Dance to the Music of Time
Wow!What on earth is meant by”to capture network externalities”?????????
Is there a way to say this in simple english,and not in jargon.?
Sorry, Brian, it was an in-joke aimed at NG. It just restates, in econ jargon, the fact that if a group of people join, they will all benefit from a cheaper rate.
Ah – but are you network externality takers also acting in such a way as to push people towards that? That is, does the effect in this case only make the rate cheaper as compared with non-participants, but not cheaper as compared with what non-participants would be getting if there were no takers for this deal?
Think of how Byzantine subjects who moved into joint accomodation got “better” deals on paying their Kapnikon (the local variant of Hearth Tax). Savings in the difficulty of collecting the tax weren’t passed on as tax cuts – if anything, the rates rose over time as a result.