why the world isn’t even more corrupt than what we observe
04 May 2016 Leave a comment
in applied price theory, development economics, economic history, economics, economics of crime, economics of regulation, entrepreneurship, Gordon Tullock, growth disasters, growth miracles, income redistribution, law and economics, Public Choice, rentseeking Tags: bribery and corruption, Tullock paradox
The Vice Fund (now the Barriers Fund) continues to outperform S&P 500
03 May 2016 Leave a comment
in defence economics, energy economics, entrepreneurship, financial economics, health economics Tags: BDS, efficient markets hypothesis, entrepreneurial alertness, ethical investing
Source: VICEX – USA Mutuals Barrier Fund Investor Class Shares Mutual Fund Quote – CNNMoney.com
The Vice Fund has outperformed the S&P 500 since 2004 as shown by the green line. This mutual fund invests invest in sinful stocks as its managers describe it:
Designed with the goal of delivering better risk-adjusted returns than the S&P 500 Index. It invests primarily in stocks in the tobacco, alcohol, gaming and defence industries. Vice Funds believes these industries tend to thrive regardless of the economy as a whole.
The Vice Fund is now known as the Barrier Fund because it extended out of sinful stocks into industries with high barriers to entry. Minimum Investment is $2,000.
The Barrier Fund primarily invests in the following industries: Aerospace/Defense, Gaming, Tobacco and Alcoholic Beverages. These four industries were chosen because they demonstrate one or more of these compelling and distinctive investment characteristics:
- Natural barriers to new competition
- Steady demand regardless of economic condition
- Global Marketplace – not limited to the U.S. economy
- Potentially high profit margins
- Ability to generate excess cash flow and pay and increase dividends
The Barrier Fund believes numerous investment opportunities in these industries which have been largely overlooked by other funds.
The Fund has high management fees of 2%. Americans can buy Vanguard’s or Fidelity’s index funds and pay only 0.1% in expenses.
Two myths about multinationals by Tyler Cowen
30 Apr 2016 Leave a comment
in comparative institutional analysis, development economics, economics, economics of media and culture, entrepreneurship, growth disasters, growth miracles, industrial organisation, survivor principle Tags: multinational corporations
“Bourgeois Equality” lecture
28 Apr 2016 Leave a comment
in applied welfare economics, development economics, economic history, economics, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, industrial organisation, poverty and inequality, survivor principle Tags: Deirdre McCloskey, industrial revolution, The Great Enrichment
Creative destruction in billionaires
25 Apr 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: billionaires, entrepreneurial alertness, superstars
Source: Price Waterhouse Coopers (2016) BILLIONAIRES INSIGHTS The changing faces of billionaires.
Why environmentalists are adverse to real solutions #earthday
22 Apr 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, global warming, politics - USA Tags: anti-market bias, Earth Day, expressive voting, rational ignorance, rational rationality
Source: Quotation of the day for Earth Day on the ‘science of economics versus the religion of environmentalism’ … – AEI | Carpe Diem Blog » AEIdeas from Steven E. Landsburg’s book “The Armchair Economist: Economics and Everyday Life,” in his chapter titled “Why I Am Not an Environmentalist: The Science of Economics versus the Religion of Ecology“.
48% Of People Who Buy Vinyl Don’t Even Listen To It, Study Finds – Digital Music News
20 Apr 2016 Leave a comment
in economics of media and culture, entrepreneurship, Music Tags: entrepreneurial alertness
There is a growing trend of people who purchase vinyl for collecting purposes. A study found 48% of people who buy vinyl don’t even listen to the records.
Source: 48% Of People Who Buy Vinyl Don’t Even Listen To It, Study Finds – Digital Music News
Why so little creative destruction in jet packs?
20 Apr 2016 Leave a comment
in economics, entrepreneurship Tags: creative destruction
What a $15 Minimum Wage Would Do
20 Apr 2016 Leave a comment
in applied price theory, economics of media and culture, entrepreneurship, job search and matching, labour economics, managerial economics, minimum wage, organisational economics, personnel economics, theory of the firm Tags: living wage, offsetting behavior, The fatal conceit
Is the direction of technological change mostly skill biased?
18 Apr 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: general purpose technologies, induced innovation, skill biased technological change
Source: Philippe Aghion and Peter Howitt THE ECONOMICS OF GROWTH.
Utopia, you are standing in it! 
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