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Episode #39 - Consumption Economics: A neoclassical view of cloud
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In this podcast episode, we delve into the neoclassical economic view of cloud computing with Sarbjeet Johal, analyst, evangelist, and founder. The discussion begins by exploring the relevance of cloud in modern digital transformation. We then explore principles rooted in neoclassical economics, focusing on concepts such as consumption economics, utility maximization, institutional/transactional costs implications, and how these apply to the cloud computing market.
Key points include an analysis of supply and demand dynamics in cloud services, cost-benefit considerations for businesses transitioning to the cloud, and the role of competition among major cloud providers in shaping prices and service quality.
This episode is a must-listen for anyone interested in the intersection of economics and cloud computing, offering a view of cloud computing through the lens of neoclassical economics.
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