• In this new book “The Passion Economy,” podcast Planet Money host Adam Davidson explains the shifting terrain of the business world.
  • Thanks to automation and new technology, entrepreneurs need to employ a specific strategy if they want to succeed in a marketplace dominated by titanic corporations.
  • The passion economy rests on two pillars: create intimacy at scale and don’t be a commodity. Davidson’s book offers nearly a dozen real-world examples of his theory.
  • Visit Business Insider’s homepage for more stories.


According to Planet Money cofounder Adam Davidson, American business is undergoing a fundamental shift toward what he calls the “passion economy.” This new landscape is the result of two diffuse factors acting in concert: automation eliminating jobs and technology creating new opportunities. 

The result: a rising class of entrepreneurs who thrive by solving the hyper-specific needs of a niche, often disparate customer base. To Davidson, this new system is the

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Firm continues expansion strategy with East Coast additions

D.A. Davidson & Co. announced the addition of key institutional sales professionals in the firm’s Fixed Income Capital Markets group. Bill Archibald, Denis Rooney and Rick Dunphy have joined the firm in Boston and Boca Raton, Florida, respectively.

“The addition of Bill, Denis and Rick continues our commitment to add experienced, client focused salespeople nationwide,” said Jim Rice, Manager of Fixed Income Taxable Sales. “The addition of Bill, Denis and Rick is a win for us and for our clients as we continue to grow.”

Archibald, Rooney and Dunphy join D.A. Davidson with extensive experience and have worked together for more than 10 years. They most recently served in fixed income sales with Truist Bank and previously with BB&T Capital Markets.

“Our employee-owned platform continues to seek talented team members like Bill, Denis and Rick as we expand our public finance and

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