Comments on: Diginomics http://wealthofnetworks.wordpress.com Mon, 23 Mar 2009 22:24:11 +0000 http://wordpress.com/ hourly 1 By: Wallace R. Wood http://wealthofnetworks.wordpress.com/panels/diginomics/#comment-32 Wallace R. Wood Sun, 31 Aug 2008 04:26:42 +0000 http://wealthofnetworks.wordpress.com/?page_id=67#comment-32 In 1998, in response to over 30 years of research and writing on the subject of a future 'digital economic' system, I coined the word "Diginomics." Much to my surprise, I found no evidence of its existence in any dictionary, so I submitted it to every English-speaking dictionary I could find. In 2007, Merriam-Webster's Online Dictionary agreed to showcase the word on their website. Today, it's amazing to see how the word has truly taken hold around the globe, fairly true to the definition that I assigned to it. Here is the 'official' definition: DIGINOMICS (dij’i-nom’iks), n. – acronym of two words: digital and economics. (1) the status of development toward an all-digital economy conducted electronically in all financial dealings between buyer and seller; a cashless society where all moneys (incl. cash, coins, checks and credit) and transactions involving the same are conducted electronically. (2) Societal trends in which the presence of and use of advanced electronic technology is both prevalent and predominant, creating lifestyles and social cultures that are technology driven. Syn. Cashless society, digital economy, friction-free economy, e-business, mobile economy, m-economy, entertainment economy, intangible economy. [1998, Wallace R. Wood, Houston TX] For an “official” recognition of this new term, visit the Merriam-Webster On-Line Open Dictionary site. ------------------------------------------------------ Indeed, we truly are living in a "Diginomic World." It's only a matter of time before the full application is realized. In 1998, in response to over 30 years of research and writing on the subject of a future ‘digital economic’ system, I coined the word “Diginomics.” Much to my surprise, I found no evidence of its existence in any dictionary, so I submitted it to every English-speaking dictionary I could find. In 2007, Merriam-Webster’s Online Dictionary agreed to showcase the word on their website. Today, it’s amazing to see how the word has truly taken hold around the globe, fairly true to the definition that I assigned to it. Here is the ‘official’ definition:

DIGINOMICS (dij’i-nom’iks), n. – acronym of two words: digital and economics. (1) the status of development toward an all-digital economy conducted electronically in all financial dealings between buyer and seller; a cashless society where all moneys (incl. cash, coins, checks and credit) and transactions involving the same are conducted electronically. (2) Societal trends in which the presence of and use of advanced electronic technology is both prevalent and predominant, creating lifestyles and social cultures that are technology driven. Syn. Cashless society, digital economy, friction-free economy, e-business, mobile economy, m-economy, entertainment economy, intangible economy. [1998, Wallace R. Wood, Houston TX]

For an “official” recognition of this new term, visit the Merriam-Webster On-Line Open Dictionary site.
——————————————————
Indeed, we truly are living in a “Diginomic World.” It’s only a matter of time before the full application is realized.

]]>