Recommended: The Experience Economy

One again David Brooks has written a thoughtful, provoking piece called The Experience Economy in the Feb 14 New York Times. Well worth reading.

It has occurred to me a number of times that an economic model that depends on continuous expansion of markets, as our does, has a natural, almost Malthusian limit, and we may be approaching it. An economic model which relies instead on servicing a continuous market of more or less fixed size seems like a better long-term approach.