Winning the Hardware Software Game Winning the Hardware-Software Game - 2nd Edition

Using Game Theory to Optimize the Pace of New Technology Adoption
  • How do you encourage speedier adoption of your product or service?
  • How do you increase the value your product or service creates for your customers?
  • How do you extract more of the value created by your product or service for yourself?


shadow economy

  • The Increasing Significance of the Shadow Economy


    Why Do We Care about the Shadow Economy?

    The Shadow Economy Invalidates Government Statistics and Policies

    The Shadow Economy Affects the Official Economy

    Shadow Economies Evince Citizens’ Discontent with and Serve as a Check on Government

    Causes of the Shadow Economy

    Methods of Measuring the Size of the Shadow Economy

    Direct Approaches

    Indirect Approaches

    Estimates of the Size of the Shadow Economy

    Characterizing the Shadow Economy

    The Dual Nature of the Shadow Economy

    Industries Most Susceptible to being in the Shadow Economy

    The Changing Nature of the Shadow Economy



    Today, System D [the shadow economy] is the economy of aspiration. It is where the jobs are.

    -- Robert Neuwirth, “The Shadow Superpower”


    What is the biggest current problem facing all economies globally? Unemployment.

    The financial crisis of 2008 and its aftermath has resulted in a global recession, together with a prolonged period of high unemployment in developed nations that hasn’t been seen since the Great Depression.

    Joseph E. Stiglitz, in “Employment, Social Justice and Societal Well-Being” explains why it is so important for society to provide jobs for its citizens:

    [F]or a large fraction of the world’s population, work – employment – is important. For individuals who lose their jobs, it is not just the loss of income that matters, it is also the individual’s sense of self. Unemployment is associated with a variety of problems and pathologies, from higher divorce rates, higher suicide rates to higher incidences of alcoholism. And the relationship is not just a correlation: there is a causal connection. Some individuals can keep themselves happy and gainfully “employed” with- out a job. But for many, employment – the fact that someone else recognizes their “contribution” by paying them – is important.