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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.
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- We need to recognise that the entire information sector—from music to newspapers to telecoms to internet to semiconductors and anything in-between—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.