Saturday, June 04, 2005

mistakonomics

mistak·o·nom·ics n.
(used with a sing. verb) The social science that deals with the production, distribution, and consumption of goods and services off human mistakes, and with the theory and management of such economies or economic systems.
(used with a sing. or pl. verb) Economic matters, especially relevant financial considerations: “Mistakonomics are slowly killing me” strait from dogs mouth (http://kriyadog.blogspot.com/2005/06/to-err-is-human-or-is-it.html)).

Worst form of Mistakeonomics is practiced by anyone who profits from such an enterprise. Unfortunately most of the world's economy today is based on this model.

examples:
wikipedia.org/wiki/Phishing

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