About Relationship Economics
Relationship Economics develops the insight that personal relationships are:
- Valuable. Relationships are an essential prerequisite for the communications that discover opportunities and the transactions that exploit them.
- Costly. Relationships consume time and effort, so we must economize over them.
Relationship economics studies how such economizing influences social behavior. Inspired by the work of Ronald Coase and Friedrich Hayek, relationship economics applies the tools of economists to variables traditionally studied by sociologists. Relationship economics turns out to be fruitful: It explains such diverse effects as the pattern of economic growth during the Industrial Revolution, the nature of modern business strategy, and the historical evolution of the income distribution.
The best way to begin learning about relationship economics is to read my introduction to relationship economics over at RelationshipEconomics.com: The Core Ideas, and then to proceed to my publications: Working Papers.
About Paul Jaminet
I am a scientist (Ph.D. in physics from the University of California at Berkeley followed by four years at the Harvard-Smithsonian Center for Astrophysics, and subsequent work in biomedical science in partnership with my wife, a molecular biologist and cancer researcher at Harvard Medical School and Beth Israel Deaconess Medical Center), turned entrepreneur (in a Boston internetworking startup from 1996 until its acquisition in 2001, a subsequent Silicon Valley startup 2004 to 2007) and strategy consultant, turned economist. “Returned” economist might be more accurate, for economics was my first love. I avoided an academic career in economics, however, because I believed the best way to discover a new and better economics would be to learn entrepreneurship from the inside. I was right about that. Having found a fruitful approach, I am now devoted to attacking the great problems of economic and social theory.
For more about me, visit my personal page at RelationshipEconomics.com, About Me, or my personal site, PaulJaminet.com.
Created by Paul Jaminet on 17 Mar 2008 | Tagged as: Uncategorized