3 ms·

I think you're confusing "economies of scale" with what Taleb calls "professions that scale".

• nebula 18y ago
  May be I'm; but you are not helping with your one liner :( [for "professions that scale" google is pointing to this page] Btw, Wikipedia seems to be more or less in agreement with my stand here: [http://en.wikipedia.org/wiki/Economies_of_scale http://en.wikipedia.org/wiki/Economies_of_scale] "Economies of scale are the cost advantages that a firm obtains due to expansion. Diseconomies of scale are the opposite. Economies of scale may be utilized by any size firm expanding its scale of operation." OK! It seems I missed the cost advantage part; i.e., the term "economies of scale" is used only if there is a cost advantage to be gained from expansion. Is that right?
  • bdr 18y ago
    Sorry, I assumed that that was where you were coming from. Economies of scale usually refers to how the cost of producing a unit decreases as you are producing more units at a time. Taleb calls an endeavor scalable if your reward can increase practically unboundedly with little no extra effort. Examples include pop stars and websites.
    • nebula 18y ago
      That helps :) Thank you.