Economists want their discipline to be a science, and they have nailed down a few precepts, but many of their debates are still clouded by ideology.
Nathan MyhrvoldThe first thing that is not obvious to people is global warming is a less-than-1% effect. It's like being shortchanged at the bank by a penny every dollar. Over a long period of time with lots of transactions, that piles up.
Nathan MyhrvoldCrazy ideas sometimes work, and the technological society that we have is built on a foundation of those crazy ideas that work.
Nathan MyhrvoldMicropayments are great if you use them for a product or service with certain properties. It must be one where you can get away with usage-based pricing, and where there is a strong rationale for making it cheap, yet not free.
Nathan Myhrvold