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Saturday, August 03, 2013

Rajiv Sethi: The Spider and the Fly

Rajiv Sethi:

The Spider and the Fly, by Rajiv Sethi: Michael Lewis has written a riveting report on the trial, incarceration, release, and re-arrest of Sergey Aleynikov, once a star programmer at Goldman Sachs. It's a tale of a corporation coming down with all its might on a former employee who, when all is said an done, damaged the company only by deciding to take his prodigious talents elsewhere.
As is always the case with Lewis, the narrative is brightly lit while the economic insights lie half-concealed in the penumbra of his prose. In this case he manages to shed light on the enormous divergence between the private and social costs of high frequency trading, as well as the madness of an intellectual property regime in which open-source code routinely finds its way into products that are then walled off from the public domain, violating the spirit if not the letter of the original open licenses. ...

    Posted by on Saturday, August 3, 2013 at 09:50 AM in Economics | Permalink  Comments (79)


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