vintage computing '67 http://t.co/TmogxJJ0Nu—
Old Pics Archive (@oldpicsarchive) July 10, 2015
Creative destruction in desktops
13 Jul 2015 Leave a comment
in economic history, entrepreneurship, technological progress Tags: creative destruction, desktops
The history of camera
13 Jul 2015 Leave a comment
in applied welfare economics, economic history, entrepreneurship, technological progress Tags: cameras, creative destruction, mobile phones, smartphones, The Great Enrichment
Minimum salaries of American professional sports players and media coverage
13 Jul 2015 Leave a comment
in applied price theory, discrimination, economics of media and culture, entrepreneurship, gender, industrial organisation, labour economics, occupational choice, sports economics, survivor principle Tags: gender wage gap, media bias, sex discrimination, superstar wages, superstars
Creative destruction in Polaroid cameras
12 Jul 2015 Leave a comment
in applied welfare economics, economic history, entrepreneurship, technological progress Tags: cameras, creative destruction, entrepreneurial alertness
On this day in 1948, the 1st polaroid camera was sold for $89.75 in Boston at the Jordan Marsh department store. http://t.co/hyuXjccsHw—
Historical Pics (@HistoricalPics) November 26, 2014
Creative destruction in London newspapers
12 Jul 2015 Leave a comment
in economic history, economics of information, economics of media and culture, entrepreneurship, industrial organisation, Public Choice Tags: British economy, British politics, creative destruction, London, media bias
Truth is that editorialising has v little influence – less now than ever. Here's why: specc.ie/1c58mAr http://t.co/m8UM22W0zj—
Fraser Nelson (@FraserNelson) May 07, 2015
Good old left-wing hate speech at its best
12 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, income redistribution, Public Choice, rentseeking Tags: British elections, expressive voting, free speech, hate speech, London newspapers, media bias, rational ignorance, rational irrationality
I agree with @D_Blanchflower – I wish newspapers didn't spin elections and played it straight, like they used to… http://t.co/5btL7PAFWe—
Fraser Nelson (@FraserNelson) May 07, 2015
Creative destruction in 1990s memories
11 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: creative destruction, entrepreneurial alertness, good old days
Entrepreneurial alertness in index-linked passive investing front-running
11 Jul 2015 Leave a comment
in entrepreneurship, financial economics Tags: active investing, arbitrage, efficient markets hypothesis, entrepreneurial alertness, passive investing, Speculation
There's an easy way to game the stock market, and it's getting easier by the day bloom.bg/1NNmHPs http://t.co/GFtBhKH2fo—
Bloomberg Business (@business) July 08, 2015
The traders are simply buying stocks before they’re added to the indexes that, by definition, index funds must track.
As the popularity of index investing soars to new heights, the emergence of index front-running is raising fundamental questions about so-called passive investment strategies, as well as how indexes are compiled and the role the funds themselves play in elevating costs.
By one estimate, it gouges owners of funds tracking the Standard & Poor’s 500 Index to the tune of $4.3 billion a year, a sum that can double or even triple the cost of such investments…
Take American Airlines Group Inc., which joined the S&P 500 after markets closed on March 20. Because the addition of the carrier was announced four days earlier, nimble traders had plenty of time to get in front of the less fleet-footed. American jumped 11 percent over the span.
The cost was ultimately borne by index funds, which sparked an $8 billion buying frenzy in the two minutes right before the close — an amount equal to more than two weeks of the stock’s typical volume…
Market segmentation in the London newspaper market
11 Jul 2015 Leave a comment
in constitutional political economy, economic history, economics of media and culture, entrepreneurship, industrial organisation, Public Choice, survivor principle Tags: British elections, British politics, consumer sovereignty, creative destruction, entrepreneurial alertness, expressive voting, London newspapers, market selection, media bias, product differentiation, rational ignorance, rational irrationality, The meaning of competition
The truth about the press and power? Readers, not editors, decide elections. @RobertdgSmith specc.ie/1c58mAr http://t.co/Vhit9P9iM7—
Fraser Nelson (@FraserNelson) May 06, 2015
Newspaper bias just ain’t what it used to be
10 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, Public Choice Tags: British elections, creative destruction, expressive voting, London newspapers, media bias, rational ignorance, rational irrationality, red scares
Here's the Daily Mirror's polling day advice from days when it was more fair and balanced (h/t Guido) http://t.co/GJ5CNGMoRj—
Fraser Nelson (@FraserNelson) May 07, 2015
Satellite relay TV started this day, 1962
10 Jul 2015 Leave a comment
in applied welfare economics, economic history, economics of media and culture, entrepreneurship, technological progress Tags: creative destruction, entrepreneurial alertness, innovation
10 July 1962: The 'Telstar' Communications satellite was launched. It was the beginning of satellite relayed TV. http://t.co/6kW3aAAEpF—
History (@HistoryTime_) July 10, 2015
Creative destruction in Internet diffusion
10 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: cell phones, Digital poverty, entrepreneurial alertness, Internet, mobile phones, technology diffusion
Mobile broadband could reach saturation even faster than the mobile phone before it econ.st/1LJ3mhy http://t.co/2809LNCWwZ—
The Economist (@ECONdailycharts) May 27, 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
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
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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Utopia, you are standing in it! 
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