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

Fame is simply an imbalance between inbound and outbound attention.

Our social tools are not an improvement to modern society, they are a challenge to it.

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.

Multi-taskers often think they are like gym rats, bulking up their ability to juggle tasks, when in fact they are like alcoholics, degrading their abilities through over-consumption.

We have lived in this world where little things are done for love and big things for money. Now we have Wikipedia. Suddenly big things can be done for love.

A revolution doesn’t happen when society adopts new tools. It happens when society adopts new behaviors