What’s YOUR worst ops nightmare?

Some days feel like walking nightmares to the ops folks that power the websites we all take for granted. I’m sure the folks at 365 Main enjoyed their 24 hour outage crisis. Skype’s outage became a worldwide headline for 3 days. Not all website outages are headliners, but all of them are painful for the men and women in the trenches fighting those fires.

2 comments October 16th, 2007 javier

Nobel Prize Implies Open Source is A Perfect Market

I have a degree in Economics, however, I have never actually worked as an Economist. I am still interested though, and religiously read all the reports on the Fed, the business section of the newspaper, and once a year, the winners of the Nobel Prize for Economics.

This year, Leonid Hurwicz, Eric Maskin and Roger Myerson won the award for something called Mechanism Design Theory. This theory attempts to answer this central question of how markets become efficient citing that:

As it turned out, the market implements fully efficient outcomes only under very stringent (unrealistic) conditions such as perfect competition, freely available information, private goods, and the absence of any environmental effects of production and consumption.

4 comments October 16th, 2007 Stacey Schneider