Fame is simply an imbalance between inbound and outbound attention.

How we put our collective talents to work is a social issue, not solely a personal one.

Upgrading one's imagination about what is possible is always a leap of faith.

We are in a world where most American citizens over the age of 12 share things with each other online.

A firm is successful when the costs of directing employee effort are lower than the potential gain from directing.

The more people are involved in a given task, the more potential agreements need to be negotiated to do anything, and the greater the transaction costs.

Bureaucracies temporarily suspend the Second Law of Thermodynamics. In a bureaucracy, it's easier to make a process more complex than to make it simpler, and easier to create a new burden than kill an old one.