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DBTA: The Shape of Licensing Costs to Come

One fall semester many years ago, I was a university freshman.  Actually, I was anything but “fresh.” I was dumb enough to think that 8 a.m. was a wonderful time to attend Economics 101. After staying up  until the wee hours most every night, the “dismal science” took on more than one meaning as I set my clock just early enough to get to class on time.  Along with 30 other very naïve classmates, I staggered into class and did my bleary-eyed best to focus on the lessons at hand.  There were lots of Greek compound words and lots of graphs.  I learned, for example, that the word economics derives from the Greek “oikonomikos,” which means, approximately, “death by slidedecks” and, specifically, “house” (oikos) and “management” (mikos).  I barely survived the experience and never took an 8 a.m. class again.  Imagine my surprise, then, when a lesson I’d learned (and promptly forgotten) all those years ago jumped back into my consciousness late last year.
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Posted Feb 9, 2010

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