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Tim O’Reilly | We Can Predict the Future Only by Learning to Map the Present

Hidden Forces

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Is There a Difference Between Price and Distributional Economics?

I started realizing that almost all of the great advances on the internet, this is one of my latest things that I'm just trying to think through, are really distributional economics like that. You know, when you think about just we now in this era of big data, Amazon has a billion products. How do you find a billion products? It's not just price signaling. There's all these other data signals that Amazon is using to help facilitate that exchange. And yes, price is a big part of it. We're really building these algorithmic systems that in some sense are changing the fundamental nature of our markets.

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