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April 03, 2003

Economics by Design

<a title="Escapable Logic" href="http://www.blaserco.com/blogs/">Escapable Logic</a> Consider this: Whenever a seller and a buyer intersect, the data is maintained by the seller, as we expect. Whenever an employer and an employee intersect, the data is maintained by the employer. (Who is the buyer of the services.) In the first case, the data keeper is the seller, not the customer. In the second, though, the keeper of the data is the customer, purchasing the employee's work. So it's not about the roles of the players, It's about size and who is the designer of the transaction. Data is the asset of the designer of the business agreement, and a liability to the other party to the agreement, who's subservient to the keeper's records. I emphasize designer of the transaction because transactions are designed ad hoc, one-at-a-time, like component parts in machines before Eli Whitney invented standardized parts. Perhaps our economy has become too complicated to let transactions be designed for the sole benefit of whoever thinks it up first and has superior data resources. Posted by Stuart, April 3, 2003 10:50 PM | Trackback Link (http://www.henshall.com/cgi-bin/mt-tb.cgi/182)
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