So here’s person number 4: Gary Becker, a Nobel prize-winning economist.
Fifty years ago he used the phrase ‘human capital’ to refer to the economic value that companies should ascribe to their employees.
These days, of course, it is common sense to invest time in recruiting, training and retaining good employees. But at the time employees were seen as a cost.
We need a similar change in the way we see our readers – not as a cost on our time but as a valuable part of our operations that we should invest in recruiting, developing and retaining. Continue reading →
Throughout the 20th century there were two ways of getting big things done – and a third way of getting small things done. Clay Shirky sums these up very succinctly in terms of how people organise car production, road building, and picnics.
If you want to organise the production of cars, you use market systems. If you want to organise the construction of roads, you use central, state systems of funding – because there is a benefit to all. And if you want to organise a picnic, well, you use social systems.
In the media industry these three line up neatly with print, broadcast and online production.
The newspaper industry grew up in spite of government regulation.
The broadcast industry grew up thanks to government regulation.
The following is the first part of my inaugural lecture at City University London, ‘Is Ice Cream Strawberry?’. The total runs to 3,000 words so I’ve split it and adapted it for online reading.
The myth of journalism and the telegraph
Samuel Morse was a portrait painter. And he invented the telegraph. The telegraph is probably one of the most mythologised technologies in journalism. The story goes that the telegraph changed journalism during the US Civil War – because telegraph operators had to get the key facts of the story in at the top in case the telegraph line failed or were cut. This in turn led to the objective, inverted pyramid style of journalism that relied on facts rather than opinion.
For once the decision on what to speak on was entirely up to me, hence the cryptic title (the original title was ‘I’m Not Going To Talk About Technology’). It’s quite a wide-ranging talk, and I hope it turns out to be as stimulating to listen to as it has been to write.