I'm very curious as to what the implications of the failure to account for/measure much of the Internet related economic activity might be... Anyone any thoughts... Also in this connection see (and comment on... http://gurstein.wordpress.com/2011/09/25/measuring-the-unmeasurable-internet -and-why-it-matters/ M
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Arthur Cordell Sent: Tuesday, September 27, 2011 6:28 PM To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION,EDUCATION'; [email protected] Subject: Re: [Futurework] McKinsey Quarterly article: Measuring thevalue ofsearch A bit tax would monetize this externality and this value would then show up in GDP. We are wealthier than the national accounts tell us. Lots of value in searches only that value doesn't show up anywhere. Arthur From: [email protected] [mailto:[email protected]] On Behalf Of michael gurstein Sent: Tuesday, September 27, 2011 9:09 PM To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'; [email protected] Subject: [Futurework] McKinsey Quarterly article: Measuring the value ofsearch Measuring the value of Internet search Although the word "Google" has evolved from the name of an Internet search company into a verb understood almost everywhere on Earth, the economic value of Web searches has long remained a mystery, approached through inexact or tainted metrics such as the number of searches undertaken or ad revenues reported by search companies themselves. A new McKinsey study takes a wider view. For a truer reckoning of the way the Web turns our curiosity into a powerful economic force, read " <http://e.mckinseyquarterly.com/133a7f62flayfousiboeswxyaaaaabxlwp4gsptvgbiy aaaaa> Measuring the value of search."
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