Tuesday, January 11, 2005

Trickle-up economics!

Chris Anderson is currently working on a book about The Long Tail concept that he first wrote about for Wired. Recently he asked what definition of The Long Tail best captured its true meening. He is sitll working on honing the definition, but under best slogans you'll see one by yours truely.

Best Slogans:
“Trickle-up economics!”—Joshua Wood


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The phrase The Long Tail (as a proper noun with capitalized letters) was first coined by Chris Anderson in an October 2004 Wired magazine article to describe certain business and economic models such as Amazon.com or Netflix. Businesses with distribution power can sell a greater volume of otherwise hard-to-find items at small volumes than of popular items at large volumes. sportsbook, The term long tail is also generally used in statistics, often applied in relation to wealth distributions or vocabulary use. (The original term is a military one, describing the logistic chain of support an army required: it has been said there is a "long tail" leading from rear-area supply centres up to an army's "teeth": the fighting forces at the front.) http://www.enterbet.com

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