Food for thought…


The following headline appeared on page 13 of the New York Times May 25, 1946:

“ATOMIC EDUCATION URGED BY EINSTEIN: Scientists in Plea for $200,000 to Promote New Type of Essential Thinking.”

Dr. Albert Einstein, whose formula on the equivalence of mass and energy led to the discovery of the enormous amount of energy locked up within the atom, issued a personal appeal yesterday by telegram to several hundred prominent Americans. He asked contributions to a fund of $200,000 with which to carry on a nationwide campaign “to let the people know that a new type of thinking is essential (in the atomic age) if mankind is to survive and move toward higher levels.”

We’ll never know for sure whether, had he lived to see the dawn of the information age, Einstein would have substituted “information technology, the computer and the Internet” for “atomic bomb”. We’d like to think that he would have.


market:

An actual or nominal place where forces of demand and supply operate, and where buyers and sellers interact (directly or through intermediaries) to trade goods, services, or contracts or instruments, for money or barter.

Markets include mechanisms or means for (1) determining price of the traded item, (2) communicating the price information, (3) facilitating deals and transactions, and (4) effecting distribution. The market for a particular item is made up of existing and potential customers who need it and have the ability and willingness to pay for it.


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