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Eli Noam Quotes

Eli M. Noam is a professor of Finance and Economics at the Columbia Business School, and holds the Paul Garrett Chair in Public Policy and Business Responsibility. He is the director of the Columbia Institute for Tele-Information . He works on the economics, management, and policy of media and the digital world, most recently on global media ownership and on next-generation “Cloud-TV”. He has written over 400 articles and has authored, edited, and co-edited over 30 books. Wikipedia  

✵ 22. August 1946
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Eli Noam Quotes

“We need to recognise that the entire information sector—from music to newspapers to telecoms to internet to semiconductors and anything in-between—has become subject to a gigantic market failure in slow motion. A market failure exists when market prices cannot reach a self-sustaining equilibrium. The market failure of the entire information sector is one of the fundamental trends of our time, with far-reaching long-term effects, and it is happening right in front of our eyes.”

Eli Noam

Eli Noam in: " Eli Noam: Market failure in the media sector http://www.citi.columbia.edu/elinoam/FT/2-16-04/MarketFailure.htm" at news.ft.com, February 16 2004
The context of this quote was a digression on the media, telecommunication, information technology, and internet industries.

Music , Failure , Time

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