To summarize, the production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there occurred a revival of interest among economists in the economics of transaction, and Oliver Williamson in particular, building on the earlier work of Ronald Coase and John Commons, has explored the different institutional arrangements that govern transactional choices.
Max BoisotRelated topics
building commons different early economics govern information interest john oliver particular production revival subject thus transaction use work 1970s costsRelated quotes
Not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the level of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?
David Harvey
In the sixties, the recycling of pop culture - turning it into Pop art and camp - had its own satirical zest. Now we're into a different kind of recycling. Moviemakers give movies of the past an authority that those movies didn't have; they inflate images that may never have compelled belief, images that were no more than shorthand gestures - and they use them not as larger-than-life jokes but as altars.
Pauline Kael
In the judgment of design engineers, the ordinary means of communicating with a computer are entirely inadequate. [...] Graphical communication in some form or other is of vital importance in engineering as that subject is now conducted; we must either provide the capability in our computer systems, or take on the impossible task of training up a future race of engineers conditioned to think in a different way.
Maurice Wilkes
In sum, the processes of evolution create initially comparatively simple dynamical systems on particular levels of organisation. The processes then lead to the progressive complexification of the existing systems and, ultimately, to the creation of simpler systems on the next higher organisational level, where complexification begins anew. Thus evolution moves from the simpler to the more complex, and from the lower to the higher level of organisation.
Ervin László
Geometry is of much assistance in architecture, and in particular it teaches us the use of the rule and compasses, by which especially we acquire readiness in making plans for buildings in their grounds, and rightly apply the square, the level, and the plummet. By means of optics the light in buildings can be drawn from fixed quarters of the sky. Difficult questions involving symmetry are solved by means of geometrical theories and methods.
Vitruvius
