Some may not know what a VHS is
09 Mar 2018 1 Comment
in applied price theory, applied welfare economics, economic history, industrial organisation, international economics, survivor principle Tags: creative destruction, free trade, protectionism
The Myth of Scandinavian Socialism
17 Feb 2018 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, history of economic thought, industrial organisation, Marxist economics Tags: Sweden
The 30 Mile Zone That Explains Why Hollywood Exists
13 Feb 2018 Leave a comment
in industrial organisation, labour economics, unions, urban economics Tags: Hollywood economics
How Much Does Management Matter? – Raffaella Sadun, EEA 2016
05 Feb 2018 Leave a comment
in development economics, industrial organisation, managerial economics, organisational economics, personnel economics
Why do taxpayers pay billions for football stadiums? @TaxpayersUnion @EricCrampton
05 Feb 2018 Leave a comment
in applied price theory, industrial organisation, Public Choice, rentseeking, sports economics Tags: corporate welfare
How to lie with statistics
03 Feb 2018 Leave a comment
in econometerics, economic history, industrial organisation, survivor principle Tags: statistics
How Musicians Smashed Racial Barriers
02 Feb 2018 Leave a comment
in discrimination, economic history, entrepreneurship, industrial organisation, survivor principle
CIA field sabotage manual 1944 was an early classic in managerial economics. Identified countless shortcomings in organisations.
29 Jan 2018 1 Comment
in defence economics, industrial organisation, managerial economics, organisational economics
Organizations and Conferences
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Insist on doing everything through “channels.” Never permit short-cuts to be taken in order to expedite decisions.
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Make “speeches.” Talk as frequently as possible and at great length. Illustrate your “points” by long anecdotes and accounts of personal experiences.
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When possible, refer all matters to committees, for “further study and consideration.” Attempt to make the committee as large as possible — never less than five.
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Bring up irrelevant issues as frequently as possible.
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Haggle over precise wordings of communications, minutes, resolutions.
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Refer back to matters decided upon at the last meeting and attempt to re-open the question of the advisability of that decision.
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Advocate “caution.” Be “reasonable” and urge your fellow-conferees to be “reasonable” and avoid haste which might result in embarrassments or difficulties later on.
Managers
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In making work assignments, always sign out the unimportant jobs first. See that important jobs are assigned to inefficient workers.
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Insist on perfect work in relatively unimportant products; send back for refinishing those which have the least flaw.
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To lower morale and with it, production, be pleasant to inefficient workers; give them undeserved promotions.
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Hold conferences when there is more critical work to be done.
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Multiply the procedures and clearances involved in issuing instructions, pay checks, and so on. See that three people have to approve everything where one would do.
Employees
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Work slowly
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Work slowly.
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Contrive as many interruptions to your work as you can.
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Do your work poorly and blame it on bad tools, machinery, or equipment. Complain that these things are preventing you from doing your job right.
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Never pass on your skill and experience to a new or less skillful worker.
Our house too big for ultrafast broadband hook-up @stevenljoyce @TaxpayersUnion @EricCrampton
26 Jan 2018 Leave a comment
in economics of bureaucracy, entrepreneurship, industrial organisation, politics - New Zealand, Public Choice
Your picking loses detector is at maximum when governments are retrofitting infrastructure in the suburbs. We just had Chorus in to retrofit ultrafast broadband to our house. Our house is too big and complicated to rewire.
In addition to stringing a wire from the road to a ATC box, as with everybody, we need to rewire from that box to my office for another ultrafast broadband box next to my computer on the other side of the house 2 floors up. I was told I would need an electrician to do that as the house is already built, most of the wires will probably be external, ugly and I would have to pay for it and the drilling through my floors.
Seems like the political genius behind government paying for ultra fast broadband including fitting it into my house assumed everybody had a nice simple one story house where the office was near the ACT box so there would be minimal rewiring. That would involve minimal internal wiring.
If I want to proceed, I need to bring in an electrician and as the house is already been built, he will need to drill holes, string wires and then the chorus team will come back. The alternative was to have my modem just above the ATC box in the spare bedroom and the rest of the house operate including my desktop in my office on Wi-Fi which seems to very must defeat point of ultrafast broadband indeed.
Rail costs fall 90% and still can’t compete with roads
21 Jan 2018 Leave a comment
in industrial organisation, survivor principle, transport economics
Robert Mendelsohn, Cost-Benefit Analysis and The Social Cost of Carbon
19 Jan 2018 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics, global warming, industrial organisation Tags: carbon tax
Utopia, you are standing in it! 
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