O'Reilly logo

Reasonably Simple Economics: Why the World Works the Way It Does by Evan Osborne

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

images

The Middleman and the Entrepreneur

The Economy’s Matchmakers and Little Revolutionaries

Up until now we have paid attention largely to abstract things—markets, information, competition, and so on. This chapter investigates the role of two particular actors in the economic drama who play starring roles in it: the middleman specifically, and the entrepreneur more generally.

The Middleman

What do Apple’s iTunes, Walmart, and a literary or theatrical agent have in common? None of them directly produces things that consumers buy. Although two of them directly sell to consumers, one doesn’t even do that, but as an agent merely negotiates with music ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required