What if We’re Looking at Inequality the Wrong Way? – NYTimes.com
16 Nov 2014 Leave a comment
in applied welfare economics, entrepreneurship, human capital, labour economics, labour supply, liberalism, Marxist economics, occupational choice, politics - USA, poverty and inequality, public economics, Rawls and Nozick, technological progress Tags: Piketty, poverty and inequality
Joseph Schumpeter, economic growth, and creative destruction
15 Nov 2014 Leave a comment
in applied price theory, comparative institutional analysis, entrepreneurship, liberalism, theory of the firm Tags: creative destruction, Joseph Schumpeter
David I. Levine on entrepreneurial alertness and the efficient markets hypothesis
13 Nov 2014 Leave a comment
The Effective Decision – Peter Drucker
12 Nov 2014 Leave a comment
in entrepreneurship, industrial organisation, managerial economics, organisational economics, personnel economics, survivor principle Tags: effective decisions, Peter Drucker
1. Classifying the problem. Is it generic? Is it exceptional and unique? Or is it the first manifestation of a new genus for which a rule has yet to be developed?
2. Defining the problem. What are we dealing with?
3. Specifying the answer to the problem. What are the “boundary conditions”?
4. Deciding what is “right,” rather than what is acceptable, in order to meet the boundary conditions.. What will fully satisfy the specifications before attention is given to the compromises, adaptations, and concessions needed to make the decision acceptable?
5. Building into the decision the action to carry it out. What does the action commitment have to be? Who has to know about it?
6. Testing the validity and effectiveness of the decision against the actual course of events. How is the decision being carried out? Are the assumptions on which it is based appropriate or obsolete?
If you’re so smart, why aren’t you rich: Deirdre McCloskey on economists as forecasters
10 Nov 2014 1 Comment
Kirzner on resource ownership as the only non-regulatory barrier to competition
10 Nov 2014 Leave a comment
Israel Kirzner on freedom of entry as the sole condition from competition in a market
09 Nov 2014 Leave a comment
If you’re so smart, why aren’t you rich: Deirdre McCloskey on economists as business consultants
05 Nov 2014 Leave a comment
Utopia, you are standing in it! 
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