Capitalism in the United States is ruthless—to the rich
27 Nov 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, poverty and inequality, survivor principle Tags: top 1%
Eugene Fama Why Small Caps and Value Stocks Outperform
09 Nov 2016 Leave a comment
in applied price theory, economic history, entrepreneurship, financial economics Tags: efficient market hypothesis, Eugene Fama
Econ Duel: Will Machines Take Our Jobs?
02 Nov 2016 Leave a comment
in applied price theory, economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Voltaire on the 1734 London Stock Exchange:
31 Oct 2016 Leave a comment
in discrimination, economic history, entrepreneurship, financial economics, labour economics Tags: customer discrimination, market process, The meaning of competition
Vice Fund and Vanguard Social Index head to head
31 Oct 2016 Leave a comment
in economic history, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, passive investing, social investing
Cumulative value of $1 invested in Vice Fund on launch date, 30 August 2002
Where does the Vice Fund invest? @EricCrampton
28 Oct 2016 Leave a comment
in entrepreneurship, financial economics Tags: efficient markets hypothesis, entrepreneurial alertness
The Vice Fund, now called the Barrier Fund, is a mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from the tobacco, gambling, defence/weapons, and alcohol industries. It continues to beat the market.
Can You Beat the Market?
28 Oct 2016 Leave a comment
in entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, passive investing
Creative destruction in the 5 largest companies
24 Oct 2016 Leave a comment
in economic history, entrepreneurship, fisheries economics Tags: Apple, creative destruction, Microsoft
South Korea and Industrial Policy
23 Oct 2016 Leave a comment
in applied price theory, development economics, economic history, economics of bureaucracy, entrepreneurship, growth miracles, industrial organisation, Public Choice, rentseeking, survivor principle Tags: industry policy. South Korea, picking winners
A lecture with Robin Hanson Age of Em
18 Oct 2016 Leave a comment
in applied price theory, entrepreneurship Tags: Robin Hanson, The Great Enrichment
26th anniversary of Julian Simon @PaulREhrlich bet @GreenpeaceNZ @GreenpeaceUSA
11 Oct 2016 Leave a comment
in applied price theory, economic history, energy economics, entrepreneurship, industrial organisation, resource economics, survivor principle Tags: commodity prices, doomsday prophecies, endogenous growth theory, entrepreneurial alertness, Julian Simon, Paul Ehrlich
A 2011 blog post of mine on "the bet" rogerpielkejr.blogspot.com/2011/10/cornuc…
Attached a bigger bin of commodities & bet dates in red http://t.co/SC6HeuRwys—
Roger Pielke Jr. (@RogerPielkeJr) April 29, 2015
Pinksourcing With Kristen Bell
21 Sep 2016 Leave a comment
in applied price theory, discrimination, entrepreneurship, gender, labour economics Tags: entrepreneurial alertness, gender wage gap
#Uber and creative destruction in The Knowledge
21 Sep 2016 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, taxi regulation, Uber
I used Uber for the first time over the weekend. My car was towed away and a friend had the app on his phone. We used it to go to the tow away yard to pay the $275 release fee.
One of the things I noticed was the the driver could immediately use his GPS because it was pre-programmed by the booking.
When you book a regular cab, they do not know where you are going until they arrive. This is to stop drivers avoiding picking up short trips. It also means that they must know where they are going rather than waste time programming the GPS. Prior to the GPS, they simply had to know where everything was.
The Knowledge, knowledge of London streets necessary to qualify for a black cab License is so difficult that neurologists study the brains of black cabdrivers to see how they are different from others in memory capacity.
Uber destroyed the Knowledge in a wave of creative destruction by linking the app booking request to GPSs. No diver needs to know where anything because the destination and pickup points are both pre-programmed into their GPS.
Are GMOs Good or Bad?
18 Sep 2016 Leave a comment
in economics, entrepreneurship, environmental economics, health economics Tags: Anti-Science left, GMOs
Utopia, you are standing in it! 
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