James Williams (2017). 'The Attention Economy', RSA (Royal Society of Arts) Spotlight
https://www.youtube.com/embed/xxyRf3hfRXg
About: James Williams introduces the concept of the 'attention economy' https://en.wikipedia.org/wiki/Attention_economy This is something, which Chantal Line Carpentier et al. explain further, where: "the concept of attention economy was first coined in the late 1960s by Herbert A. Simon, characterizing the problem of information overload as an economic one. However, the concept has become increasingly popular with the rise of the internet making content (supply) increasingly abundant and immediately available, and attention becoming the limiting factor in the consumption of information.While the supply of accessible information has continued to grow rapidly - digital data roughly doubles every two years - the demand for information is limited by the scarce attention we can give to it. Indeed, the total available attention is limited by the number of people with access to information and the fixed number of hours in a day and conflicting demands on our time and attention. Davenport and Beck (2001) first define the 'economics of attention' as an approach to the management of information that treats human attention as a scarce commodity and applies economic theory to solve various information management problems. We are increasingly living in an 'attention economy' rather than an 'information economy'" (Carpentier, C. L, 2023). Bibliography: Carpentier, C. L. (2023). 'New Economics for Sustainable Development: Attention Economy'. Retrieved from https://www.un.org/en/desa/unen/policy-briefs https://www.un.org/sites/un2.un.org/files/attention_economy_feb.pdf Simon, H. A. (1971). 'Designing Organizations for an Information-rich World'. Baltimore, Maryland, Johns Hopkins University Press. https://web.archive.org/web/20201006235931if_/https://digitalcollections.library.cmu.edu/awweb/awarchive?type=file&item=33748 Rose, F. (2015). 'The Attention Economy 3.0'. The Milken Institute Review, 17, 42. https://www.researchgate.net/publication/280132192_The_Attention_Economy_30
