
Policy bubble alert: Technology adoption costs swamp invention costs
30 Oct 2014 Leave a comment
in applied welfare economics, industrial organisation Tags: innovation, R&D, The fatal conceit, The pretence to knowledge

Policy bubbles alert: most innovation is not about R&D (and boffins in lab coats)
29 Oct 2014 Leave a comment
in applied price theory, applied welfare economics, economic growth, industrial organisation Tags: economic growth, innovation, R&D, The fatal conceit, The pretence to knowledge

Policy bubbles alert: the R&D fetish is a major threat to innovation and economic growth
28 Oct 2014 Leave a comment

Harold Demsetz (1968) on monopoly, competition and market concentration
22 Oct 2014 Leave a comment
in industrial organisation Tags: Harold Demsetz

HT: Brian Albrecht
From Sam Peltzman’s (1991) review of the handbook of industrial organisation
22 Oct 2014 Leave a comment

Hayek on the central role of personal disappointment in economic progress
20 Oct 2014 Leave a comment
in applied price theory, entrepreneurship, F.A. Hayek, industrial organisation, survivor principle Tags: competition as a discovery procedure, FA Hayek, market process, profit and loss

HT: David Henderson








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