This entry is here both for fun and to showcase how far AI technology has come. This "podcast" was generated by us using an AI-powered podcast generator, where we input Doug Howarth's 2024 paper, Market Dimensional Expansion, Collapse, Costs, and Viability. Important note: this is NOT an interview with Doug Howarth! The hosts, along with their script, are fully AI-generated, engaging in a surprisingly natural-sounding conversation on the topic. The discussion is impressively accurate, although it does suggest that all calculations are handled with Excel. While Excel is indeed part of the Hypernomics™ toolkit, our patented software—HypernomicA™—is crucial for in-depth data processing and analysis.

Synopsis:

In this AI-generated podcast episode, the hosts delve into economist Douglas K. Howarth’s groundbreaking approach to market analysis, challenging traditional supply and demand models. Instead of discarding these models, Howarth expands them with concepts like “demand frontiers” and “value spaces,” which capture the invisible forces shaping markets. Through engaging analogies and real-world examples, such as the luxury supersonic jet and the limits of the business jet market, the podcast illustrates how price, consumer psychology, and product features all converge to influence market boundaries and product viability.

The conversation then explores Howarth's idea of a "3D value space," where features like speed, cabin volume, and price define a product's market position, particularly in complex industries like aviation. This multi-dimensional approach allows companies to better gauge consumer demand and tailor offerings more effectively. With his unique perspective, Howarth redefines value as the perceived worth of a product’s characteristics, driving consumer desire and ultimately determining sales potential.

Finally, the hosts introduce Howarth’s concept of “dimensional collapse,” which simplifies interconnected 4D markets into a single view for greater clarity. Drawing parallels to everyday decisions, Howarth shows how cost, value, and demand shape everything from ant behavior to advanced aerospace engineering. The episode encourages listeners to apply these insights, understanding that in every market, interconnected forces of perceived value and demand ultimately define success.