The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)
Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.
How IT Came to Rule the World, 2.8: Apple, Silicon Valley and the Counter-Cultural Impulse
While Woz earned his title as the “Mozart of digital design” through his design of the Apple II, Jobs helped conceive the computer as a democratizing tool with the motto-“One person–one computer”. The microcomputer was sold as a tool that would balance the unequal relationship between institutions and the individual. It would empower the individual and allow their inner artist to emerge. The Apple II Computer went on to become the darling of the counter-cultural crowd and would remain a symbol of resistance against the corporate forces of IBM and later the predatory practices of Microsoft.
How IT Came to Rule the World, 2.7: The Origins of Microsoft
As kids, Bill Gates and Paul Allen dreamed of having their own Fortune 500 company. The two became friends (and sometimes adversaries) when the both attended the prestigious Lakeside School in Seattle in the early 1970s.
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Recent Posts
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- Engineering TCP/IP Politics and the Enabling Framework of the Internet
- ARPA and the Formation of the Modern Computer Industry, Part I: Transforming SAGE
- ICT and Sustainable Development: Some Origins
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- Modern Monetary “Practice” and the Fear of Inflation in a Low-Supply Economy
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- US Internet Policy, Part 3: The FCC and Consolidation of Broadband
- Korea in a Post Covid-19 World, Part 3: The Green New Deal
- Korea in a Post Covid-19 World, Part 2: Merging Digital and Green New Deals
- The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)
- Korea in a Post-Covid-19 World, Part 1: The Korean New Deal
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- GLOBAL INNOVATION INDEX
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- Vacation
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- CONTENDING “INFORMATION SUPERHIGHWAYS”
- Games and Meaningful Play
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- We shape our buildings and afterwards our buildings shape us
- Digital Spreadsheets – Part 5 – Ease and Epistemology
- Black Friday and Thomas Edison’s Stock Ticker
- Subsidizing Silicon: NASA and the Computer
- The MAD Origins of the Computer Age
- Emerging Areas of Digital Media Expertise, Part 4: Business Acumen
- Emerging Areas of Digital Media Expertise, Part 3: Global Knowledge and Geopolitical Risk
- Digital Content Flow and Life Cycle: Global E-Commerce
- When Finance Went Digital
- Origins of Currency Futures and other Digital Derivatives
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- Computer Technology and Problem-Based Learning (PBL)
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- Those Media Products are Misbehaving Economic Goods
- TPP and the Role of Intellectual Property in the US Export Economy
- Microsoft and the IBM PC Case Study: The Deal of the Century
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- The Telecom Crash of 2002
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- The FCC Helps Business Go “Online”
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- Copyright Protection and Fair Use for Creative Industries and Education
- YouTube’s Tenth Year Anniversary
- Emerging Areas of Digital Media Expertise, Part 1
- Lotus Spreadsheets – Part 5 – Numeracy and the Power of Zero
- Lotus Spreadsheets – Part 4 – Symbols and Lists as Administrative Technologies
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- Telegraphic Communications and the Emergence of Wall Street
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- Technologies of Democracy
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- Google You Can Fly My Car
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- How the Web Secures Your Data
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- Digital Media Archetypes
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- Google Fiber in Austin
- Three Levels of Digital Media Metrics
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- The Qualtrics Conundrum
- Lincoln and the Telegraphic Civil War
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- Barry Obama and the Hawaii’s Multi-Ethnic Economic Transformation
- Diffusion and the Five Characteristics of Innovation Adoption
- TOP SOCIAL MEDIA AND FORUM SITES IN THE US
- WSJ in the Ether about the Internet
- Arthur C. Clarke’s Three Laws of Innovation
- The Meaning Makers: Omnicom Group
- Four Generations of Wireless Tech
- Geopolitical Risk and the Information Standard
- Music’s Year of the Cloud
- Healthcare IT and the American Recovery and Reinvestment Act of 2009
- The New Frontier of “Big Data”
- Visiting the Future of the Panama Canal
- Popular Programming Languages
- The Price of Neglect
- The Walt Disney of Japan
- Electric Money Never Sleeps
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- All Watched Over by Machines of Loving Grace – The Poem
- All Watched Over by Heroes of Loving Grace
- Setting Up Your IT/Media Enterprise as an LLC
- G-8 Declares Support for Internet’s Role in Democratic Movements
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- Producing Digital Content Synergies
- Browser Wars: Chrome on the Offensive
- Measuring the Popularity of Programming Languages
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- Florida’s Creative Class Thesis and the Global Economy
- Global E-Commerce Report Focuses on Logistics
- United Nations Looks to Transform with Integrated ICT and ERP
- Top Social Media and Forum Sites in the US
- Viral Marketing and Network Effects
- Developing Apps for Apple’s Mobile Devices
- Social Media: Some Thoughts on Curriculum
- Google’s Competitive Advantages – Fixed Costs
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- Social Media Entering Phoenix Stage?
- The FCC’s First Computer Inquiry
- Why AT&T Invented and Shared the Transistor that Started the Digital Revolution
- Seeing from Space: Cold War Origins to Google Earth
- My Top Social Media Books
- Media Content as a “Public Good”
- Obama “Hustling” E-Commerce Exports
- Social Network Seminar – Translating Virtual Engagement into Political Reality
- Multimedia and Multiple Intelligences
- Wanted: Top Skills in Information System Management
- From Sputnik Moment to the Reagan Revolution
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- Comcast and General Electric Complete NBC Universal Deal
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- Telegraphy: The Space-Time Governmentality
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- The Deal with Facebook
- E-Commerce and the Holidays
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- Informating the Subject: Reflecting on Zuboff’s Future of Power and Work
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- Digital Distribution and the Future of Publishing
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- Dominant and Emerging Models of Global E-Commerce
- Digital Television and the Challenges for International Public Policy
- How “STAR WARS” and the Japanese Artificial Intelligence (AI) Threat Led to the Internet
- Why I’m a Tsaiko: Sports and Social Media
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Referencing this Material
Copyrights apply to all materials on this blog but fair use conditions allow limited use of ideas and quotations. Please cite the permalinks of the articles/posts.
Citing a post in APA style would look like:
Pennings, A. (2015, April 17). Diffusion and the Five Characteristics of Innovation Adoption. Retrieved from http://apennings.com/characteristics-of-digital-media/diffusion-and-the-five-characteristics-of-innovation-adoption/
MLA style citation would look like: "Diffusion and the Five Characteristics of Innovation Adoption." Anthony J. Pennings, PhD. Web. 18 June 2015.
About Me
Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.
You can reach me at:
apennings70@gmail.com
anthony.pennings@sunykorea.ac.kr
About me
Writings by Category
- automatrix
- books and films
- characteristics of digital media
- creative cities
- creative industries
- crisis communications
- cultural Industries
- data analytics and meaning
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- intellectual property
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- political economies in sf
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- smart new deal
- social media
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- sustainable development
- technologies of meaning
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- telecom policy and net neutrality
- telegraphic political economy
- telelearn/telework
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Disclaimer
The opinions expressed here do not necessarily reflect the views of my employers, past or present.