Creative destruction in personal computing platforms

09 Jun 2016 Leave a comment

by Jim Rose in economic history, entrepreneurship, industrial organisation, survivor principle, technological progress Tags: , , , ,

The IBM personal computer sold for $4,385 in 1981

08 Jun 2016 Leave a comment

by Jim Rose in economic history, economics of media and culture, entrepreneurship Tags: , ,

#MiltonFriedman v. @berniesanders

05 Jun 2016 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, labour economics, macroeconomics, Milton Friedman, minimum wage, occupational choice, politics - USA, Public Choice, public economics Tags: ,

Hayek on what determines market incomes

05 Jun 2016 Leave a comment

by Jim Rose in applied price theory, entrepreneurship, F.A. Hayek, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: ,

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Source: 1976 Monday Conference transcript featuring Hayek « Economics.org.au.

Big Mac Economics

04 Jun 2016 Leave a comment

by Jim Rose in Austrian economics, economics, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: , , ,

Paper Towns- Fake Places Made to Catch Copyright Thieves 

02 Jun 2016 Leave a comment

by Jim Rose in entrepreneurship, industrial organisation, law and economics, property rights, survivor principle Tags: , ,

How Budget Airlines Work  

02 Jun 2016 Leave a comment

by Jim Rose in applied price theory, economic history, entrepreneurship, transport economics Tags: ,

Few of the top 50 billionaires inherited their wealth

01 Jun 2016 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, human capital, labour economics, poverty and inequality, unions Tags: , , , , ,

Of the 15 inheritance based billionaires, three are from the Walton family, two are the Koch brothers and another three are from the Mars family.

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Source: The world’s top 50 billionaires: A demographic breakdown.

Jonah Hill, ‘Moneyball’ (2011)

30 May 2016 Leave a comment

by Jim Rose in entrepreneurship, movies, sports economics Tags: ,

Remember this every time the Left says the government invented the Internet

30 May 2016 Leave a comment

by Jim Rose in comparative institutional analysis, economic history, economics of bureaucracy, entrepreneurship, industrial organisation, politics - USA, Public Choice, survivor principle Tags: , , , ,

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Source: US nuclear force still uses floppy disks – BBC News.

Paul Samuelson and Milton Friedman on the social responsibilities of business

28 May 2016 Leave a comment

by Jim Rose in applied price theory, entrepreneurship, labour economics Tags: ,

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..

Bill Allen on the profitability of discrimination against women

26 May 2016 Leave a comment

by Jim Rose in applied price theory, discrimination, entrepreneurship, gender, labour economics Tags: ,

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Source: Bonus Quotation of the Day… – Cafe Hayek from William Allen, The Midnight Economist.

Peak newspaper jobs

25 May 2016 Leave a comment

Image by Jim Rose

The decline and decline of the rentier class in the USA

24 May 2016 Leave a comment

by Jim Rose in economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: , , , ,

Looks like the Reagan Revolution coincided with the American rich going out to work for a living. They started earning most of their incomes from wages, salaries and pensions or from entrepreneurial income. The American rich are now working rich; top wage earners, not top income earners.

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Source: The World Wealth and Income Database.

Share market capitalisation by marijuana industry sector

24 May 2016 Leave a comment

by Jim Rose in entrepreneurship, financial economics, health economics Tags: , , , , ,

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Source: For These 55 Marijuana Companies, Every Day is 4/20.

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