an article with incredible foresight. And the blog of the same author
Another excellent article by the same author ATTENTION SHOPPERS! The currency of the New Economy won't be money, but attention – A radical theory of value.
The question becomes if "the attention" can be measured as the capital is measured in money. It is possible that the attention acquires gradually a conventional monetary value (like FANGs did) or/and additional digital value can arise.
The rise of intangible investment is, Jonathan Haskel and Stian Westlake argue, an underappreciated cause of phenomena from economic inequality to stagnating productivity. Haskel and Westlake bring together a decade of research on how to measure intangible investment and its impact on national accounts, showing the amount different countries invest in intangibles, how this has changed over time, and the latest thinking on how to assess this.
“The banking network didn’t have the resilience that a better network would have.”
“We will look back and view smartphones the way we view cigarettes and the way we make them available to children,”
the earliest clear thinking by Herbert Simon in [DESIGNING ORGANIZATIONS FOR AN IN FORMATION-RICH WORLD](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2005/DESIGNING%2BORGANIZATIONS%2Bfor%2BInformation-Rich%2Bworld%2B--%2BSImon.pdf)
## books and articles
- [The Attention Economy: The Natural Economy of the Net](http://firstmonday.org/article/view/519/440#dep15) 4 - 7 April 1997 Mihael Goldhaber
an article with incredible foresight. And [the blog of the same author](http://goldhaber.org/the-attention-economy-hypothesis-in-brief-2/#comment-11280)
Another excellent article by the same author [ATTENTION SHOPPERS!](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2072/Attention%2Bshoppers-%2BWired%2B-%2BMichael%2BGoldhaber.pdf) The currency of the New Economy won't be money, but attention – A radical theory of value.
The question becomes if "the attention" can be measured as the capital is measured in money. It is possible that the attention acquires gradually a conventional monetary value (like FANGs did) or/and additional digital value can arise.
- [The World after Capital](http://worldaftercapital.org/) by Albert Wegner
attention is the constraining factor in the future when capital is not
- [Capitalism Without Capital: The Rise of the Intangible Economy Hardcover – 17 Oct 2017](https://www.amazon.co.uk/Capitalism-Without-Capital-Intangible-Economy/dp/0691175039) by Jonathan Haskel (Author), Stian Westlake (Author)
> The rise of intangible investment is, Jonathan Haskel and Stian Westlake argue, an underappreciated cause of phenomena from economic inequality to stagnating productivity. Haskel and Westlake bring together a decade of research on how to measure intangible investment and its impact on national accounts, showing the amount different countries invest in intangibles, how this has changed over time, and the latest thinking on how to assess this.
- [The Experience Economy: Work Is Theatre and Every Business Is a Stage](https://www.amazon.co.uk/Experience-Economy-Theatre-Every-Business/dp/B002SQ3YES/ref=sr_1_3?qid=1558962886&refinements=p_27%3AB.+Joseph+Pine+II&s=digital-text&sr=1-3&text=B.+Joseph+Pine+II)
[Economists have typically lumped experiences in with services, but experiences are a distinct economic offering, as different from services as services are from goods](https://hbr.org/1998/07/welcome-to-the-experience-economy)
- A classic book is [The Attention Merchants](https://www.amazon.com/Attention-Merchants-Scramble-Inside-Heads-ebook/dp/B01AEPSWB4) about FANGs (Facebook, Amazon, Netflix, and Google). [Strong infrastructure for ID-entities](/nodes/23409) is [necessary here](/nodes/24227)
- [Attention and Effort](https://s3.amazonaws.com/knowen-production/big_attachments/fdf0161367c4801ac8b5a6cc42e8413d/Attention+and+Effort+-+Kahneman.pdf) by Kahneman
- [BETTER THAN FREE](https://www.edge.org/conversation/kevin_kelly-better-than-free) Kevin Kelly 2.5.2008
### measuring attention
[CrowdEmotion](https://www.crowdemotion.co.uk/) startup and [the interview](http://www.thebanker.com/video/v/5798725880001/tech-talk-interview-with-jing-han-ong-crowdemotion)
## Social networks and media
[How heavy use of social media is linked to mental illness](https://www.economist.com/graphic-detail/2018/05/18/how-heavy-use-of-social-media-is-linked-to-mental-illness)
Youngsters report problems with anxiety, depression, sleep and “FoMO”
[Niall Ferguson: The Destructive Power of Social Networks](https://www.advisorperspectives.com/articles/2018/10/29/niall-ferguson-the-destructive-power-of-social-networks?bt_ee_preview=uuW%2F%2FJJlE46SkhT2eumuO7xSWp3EJFpELCDdlvU6FM%2FbKkDdyn4h33FR52aqQqJC&bt_ts_preview=1540867238596&bt_ee=Y9ZOa3IixfWEtQ1RDNtByCw4kpmcmFqqCBPDC53MO7rBh7paZ1QtoBiz6xe%2Fc8qz&bt_ts=1540894040970)
> “The banking network didn’t have the resilience that a better network would have.”
> “We will look back and view smartphones the way we view cigarettes and the way we make them available to children,”