Changing your life Quote by Anonymous
“On the one hand information wants to be expensive, because it's so valuable. The right information in the right place just changes your life. On the other hand, information wants to be free, because the cost of getting it out is getting lower and lower all the time. So you have these two fighting against each other.”
About This Quote
Source Essay: Information Economy, 2020 (online article)
Information is simultaneously valuable and increasingly cheap, creating tension between scarcity and abundance.
In simple terms: Info is both precious and cheap.
Balance cost and value.
Themes
Mood
Type
When to use this quote
- business strategy
- policy making
- personal data management
Key Concepts
Questions to Reflect On
- What determines the price of information?
- How can we sustain quality content?
Free information can reduce incentives for creation.