The Friction Free Economy

• Book title by Ted Lewis, PhD
• Commodity information widespread
• Disintermediation: no more middlemen
• mail order
• automobiles
• stock brokers
• travel agencies
• etc.
Essentially Internet shopping by consumers.
• "Shopbots" competing on price only were too simple to be either useful or real agents.

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cjp

Last modified: Wed Jul 15 04:46:46 PDT 1998