A chinese millionaire went broke after he got religion. Business partners, suppliers and customers didn’t trust him anymore.
19 Oct 2019 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of crime, entrepreneurship, financial economics, growth disasters, growth miracles, industrial organisation, law and economics, managerial economics, organisational economics, personnel economics, property rights, Public Choice, survivor principle Tags: bribery and corruption
Angus Deaton Understanding and misunderstanding randomized controlled trials
16 Oct 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, economics of bureaucracy, economics of crime, economics of education, economics of information, growth disasters, health economics, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics, Public Choice, public economics, theory of the firm Tags: offsetting behaviour, The fatal conceit, The pretence to knowledge, unintended consequences
When Marxists are mugged by reality
29 Sep 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, economics of regulation, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, labour economics, law and economics, managerial economics, market efficiency, Marxist economics, organisational economics, personnel economics, property rights, Public Choice, public economics, rentseeking, survivor principle Tags: economics of central planning, fall of communism, The fatal conceit
How Uber, Lyft and Others Could Be Upended By California’s New Law | @WSJ
27 Sep 2019 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, labour economics, labour supply, law and economics, managerial economics, minimum wage, occupational choice, occupational regulation, organisational economics, personnel economics, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle, unemployment Tags: creative destruction
Richard A. Posner, “The Embattled Corporation”
12 Sep 2019 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of information, economics of regulation, financial economics, industrial organisation, law and economics, managerial economics, organisational economics, property rights, Public Choice, Richard Posner, survivor principle Tags: adverse selection, moral hazard
Harold Demsetz on the risks of merging to enhance market power. Corporate reorganizations often fail.
28 Aug 2019 Leave a comment
in applied price theory, financial economics, industrial organisation, law and economics, managerial economics, organisational economics, politics - USA, survivor principle Tags: competition law
Is It Unfair to Pay CEOs Billions? Q&A with Prof. Howie Baetjer
22 Aug 2019 Leave a comment
in entrepreneurship, financial economics, human capital, industrial organisation, labour economics, labour supply, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics, poverty and inequality Tags: CEO pay, envy, superstars
@NZPrivacy has just increased statistical discrimination by landlords @NZHumanRights
20 Aug 2019 Leave a comment
in applied price theory, discrimination, entrepreneurship, industrial organisation, law and economics, managerial economics, organisational economics, politics - New Zealand, property rights, survivor principle Tags: offsetting behaviour, racial discrimination, statistical discrimination, The fatal conceit, unintended consequences
Blind recruitment is sexist and shockingly racist @NZHumanRights @NZTreasury
12 Aug 2019 Leave a comment
in behavioural economics, discrimination, economics of bureaucracy, economics of information, gender, human capital, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: political correctness, racial discrimination, regressive left, sex discrimination, The fatal conceit
The Case for Colonialism with Dr. Bruce Gilley
11 Aug 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, defence economics, development economics, economic history, economics of bureaucracy, economics of crime, economics of education, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, Marxist economics, occupational choice, organisational economics, poverty and inequality, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Age of Discovery, age of empires, British empire, economics of colonialism
Milton Friedman marshalls arguements against market socialism and workers’ cooperatives
25 Jul 2019 Leave a comment
Monopsony has a monopoly on ambiguity and sexing up search frictions as exploitation too
17 Jul 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, labour economics, labour supply, managerial economics, organisational economics, personnel economics Tags: job search, labour market search, monopsony, search and matching
Utopia, you are standing in it! 
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