Johan Norberg – Picking Winners or Losers
06 May 2017 Leave a comment
in applied price theory, economics of bureaucracy, industrial organisation, politics - New Zealand, Public Choice, rentseeking, survivor principle Tags: industry policy, picking winners
Fiat Value in the theory of value – an ADEMU lecture by Edward C Prescott
06 May 2017 Leave a comment
How Indo-Pak ended up hosting the 1987 World Cup Cricket?
05 May 2017 Leave a comment
in economics
As I write this post, there is a real proud feeling.
First, this is the 5000th post of Mostly Economics. This is a huge personal milestone as had no clue that would end up writing so much! Thanks to WordPress and the visitors who have encouraged this blog all this while. Huge pat to the blog..
Second, there could be no better way to write this 5000th post than talk about this wonderful book – The Story of the Reliance Cup by Mr. NKP Salve. The blogger has always been a huge fan of cricket and would love to write and think more on the sport. The events of the last few years has led to huge discontentment with the state of affairs. The blogger never cared to figure the man reason behind NKP Salve tournament and this autobiography gives you great insights about many things. As the authorities keep piling shame on Indian cricket, perhaps they should read…
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William Baumol: Truly Productive Entrepreneurship
05 May 2017 Leave a comment
in economics
It seems this weblog has become an obituary page rather than a simple research digest of late. I am not even done writing on the legacy of Ken Arrow (don’t worry – it will come!) when news arrives that yet another product of the World War 2 era in New York City, an of the CCNY system, has passed away: the great scholar of entrepreneurship and one of my absolute favorite economists, William Baumol.
But we oughtn’t draw the line on his research simply at entrepreneurship, though I will walk you through his best piece in the area, a staple of my own PhD syllabus, on “creative, unproductive, and destructive” entrepreneurship. Baumol was also a great scholar of the economics of the arts, performing and otherwise, which were the motivation for his famous cost disease argument. He was a very skilled micro theorist, a talented economic historian, and a deep…
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Joan Robinson ended her days as a useful idiot
05 May 2017 Leave a comment
in history of economic thought, Marxist economics
Two Lucky People: Memoirs By Milton Friedman, Rose D. Friedman, p.246.
Serena Williams – Rise
05 May 2017 Leave a comment
in economics of media and culture
HT: Mana Movement
The Most Complex International Borders in the World Part 3
05 May 2017 Leave a comment
in International law Tags: economics of borders, maps
% adult low performers in literacy and/or numeracy, G7, Australia and New Zealand
05 May 2017 Leave a comment
.@TheEconomist thinks US domestic airlines are a successful oligopoly!?
05 May 2017 Leave a comment
in economic history, industrial organisation, transport economics Tags: airline deregulation, cartel theory, cartels, conspiracy theories, game theory, oligopolies
ON THE PERSISTENT FINANCIAL LOSSES OF U.S. AIRLINES: A PRELIMINARY EXPLORATION Severin Borenstein Working Paper 16744 January 2011.
Utopia, you are standing in it! 
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