It is Nikola Tesla's birthday. His 1926 description of today's smartphone is truly remarkable http://t.co/AAkeSsWfpl—
paulkirby (@paul1kirby) July 10, 2015
It is Nikola Tesla’s birthday
09 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: creative destruction, entrepreneurial alertness, Nikola Tesla
Creative destruction in hard disks
08 Jul 2015 Leave a comment
1981 http://t.co/V4ksgA8zvG—
Old Pics Archive (@oldpicsarchive) July 07, 2015
Can NZ double migrant investors and entrepreneurs from $3.5 billion to $7 billion at no cost to taxpayers!?
07 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, entrepreneurship, income redistribution, industrial organisation, managerial economics, organisational economics, politics - New Zealand, Public Choice, public economics, rentseeking, survivor principle Tags: corporate welfare, entrepreneurial alertness, industry policy, industry targeting, The fatal conceit, The pretence to knowledge
I didn’t notice any discussion in the Cabinet paper of a government doing this before and whether their investment promotion efforts succeeded or not. This latest policy proposal cannot even count as evidence-based policy dreaming, much less a serious contribution to public policy.
Hoping to double incoming foreign investor and entrepreneur migration from $3.5 billion to $7 billion inside three years without spending any extra public money is breathless public policy making. I am sure lots of governments previously tried to get something for nothing.
It will be helpful if ministers pointed to where overseas governments have been successful in doubling foreign investment by simply reprioritising existing investment promotion efforts.
There are at least 2,500 national, provincial and city investment promotion agencies out. Some of them must have been subject to some sort of evaluation as to their success.
This overseas literature review would be in addition to the recent findings of the Ministry of Economic Development about the poor performance and perhaps futility of the foreign direct investment promotion by New Zealand Trade and Enterprise.
Imagine how much bigger a boost in foreign investor and entrepreneur migration lays before us if actual real new money was put on the table.
via beehive.govt.nz – Strategy targets international investors and Evaluation of NZTE investment support activities [929 KB PDF]
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Which companies are the most innovative?
07 Jul 2015 Leave a comment
in entrepreneurship, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, entrepreneurial alertness, ICT, innovation, market selection, R&D, The meaning of competition
Creative destruction in popular consumer goods
06 Jul 2015 Leave a comment
in applied welfare economics, economic history, entrepreneurship, technological progress Tags: capitalism and freedom, creative destruction, entrepreneurial alertness, living standards
Globalisation & technological progress have led to some pretty spectacular, but beneficial long term price deflation http://t.co/QWxJ2rYHuq—
RBS Economics (@RBS_Economics) April 18, 2015
Matt Ridley on the Pope and The Great Fact
06 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, growth disasters, growth miracles, health economics, history of economic thought, human capital, industrial organisation, labour economics, liberalism, survivor principle Tags: doomsday prophecies, Matt Ridley doomsday prophets, Papal economics, The Great Enrichment, The Great Escape, The Great Fact
See which way the data points for yourself, like @mattwridley. buff.ly/1HsZxgx #health #progress http://t.co/B3KbUJOn05—
HumanProgress.org (@humanprogress) June 30, 2015
Doing business in Russia and Italy – World Bank rankings compared
05 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, entrepreneurship, industrial organisation, international economics, law and economics, property rights, survivor principle Tags: doing business, Eurosclerosis, Italy, rule of law, Russia, transitional economies
Figure 1: Doing Business rankings, Russia and Italy, 2014
Source: World Bank Doing Business 2015.
It is rather disturbing that it is a lot easier to register property and enforce contracts in Russia than in Italy and far harder to pay your taxes in Italy. Once again, Italy’s saving grace is the ability to trade across borders Because of its membership of the European Union.
The media history of climate change scares
03 Jul 2015 Leave a comment
in economic history, economics of media and culture, energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, politics - Australia, politics - New Zealand, politics - USA, rentseeking, survivor principle Tags: climate alarmism, global cooling, global warming, media bias
Adoption of new technology since 1900 in the US
30 Jun 2015 Leave a comment
in economic history, entrepreneurship Tags: creative destruction, entrepreneurial alertness, technology diffusion
Adoption of new technology since 1900 in the US
(via: bit.ly/19wkABd) http://t.co/cG9HIWgAg9—
Max Roser (@MaxCRoser) May 28, 2015
1st 999 number introduced today 1937
30 Jun 2015 Leave a comment
in economic history, economics of crime, economics of media and culture, entrepreneurship, law and economics Tags: British economy, crime and punishment, London
999 – World's first emergency telephone number – was introduced in London #OnThisDay 30 June 1937 #emergencyservices http://t.co/I4gbrwJ2Vp—
BT Archives (@BTArchives) June 30, 2014
Kids Create Cafeteria Black Market To Bypass Food Nannies
30 Jun 2015 Leave a comment
in economics of crime, economics of education, economics of regulation, entrepreneurship, health economics, industrial organisation, law and economics, survivor principle Tags: black markets, economics of prohibition, entrepreneurial alertness, food, nanny state, police, The fatal conceit, unintended consequences
Top marginal income tax rate throughout the 20th century
29 Jun 2015 Leave a comment
in economic history, entrepreneurship, income redistribution, politics - USA, Public Choice, public economics, rentseeking Tags: Eurosclerosis, taxation and entrepreneurship, taxation and investment, taxation and the labour supply, top 1%
Piketty presents the changes in the top marginal income tax rate throughout the 20th century… #GCLIS http://t.co/sFpV0ypC5C—
LIS (@lisdata) April 16, 2014
There is creative destruction in printers too
28 Jun 2015 Leave a comment
GRAPHIC: Why your middle-class salary is better than you might think
washingtonpost.com/blogs/wonkblog… http://t.co/vvRCo0PNel—
Mark J. Perry (@Mark_J_Perry) June 15, 2015
Utopia, you are standing in it! 
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