Steve Jobs and the market
by tom acox on October 7, 2011
Everyone has something to say about Steve Jobs. At Forbes, Art Carden has the best coverage in terms of economics and what Jobs accomplished in the market place.
The point is that Steve Jobs was a participant in a process whereby suppliers compete with one another for the affections of demanders and demanders compete with one another for the affections of suppliers. When we don’t mess it up too much and when we extend to people the courtesy and responsibility that comes with commerce, we get iProducts, Kindles, and electronic toothbrushes that can all be had for “steadily decreasing amounts of effort,” to quote Joseph Schumpeter.
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