Eli Noam

Eli Noam (born August 22, 1946) is a professor of Finance and Economics at the Columbia Business School. He is the director of the Columbia University Institute for Tele-Information.

Quotes

 * We need to recognise that the entire information sector&mdash;from music to newspapers to telecoms to internet to semiconductors and anything in-between&mdash;has become subject to a gigantic market failure in slow motion. A market failure exists when market prices cannot reach a self-sustaining equilibrium. The market failure of the entire information sector is one of the fundamental trends of our time, with far-reaching long-term effects, and it is happening right in front of our eyes.
 * Eli Noam in: "Eli Noam: Market failure in the media sector" at news.ft.com, February 16 2004
 * The context of this quote was a digression on the media, telecommunication, information technology, and internet industries.