FA Hayek on competition as a discovery procedure
11 Oct 2015 Leave a comment
in applied price theory, Austrian economics, entrepreneurship, F.A. Hayek Tags: competition is a discovery procedure, creative destruction, entrepreneurial alertness, market process, market selection, The meaning of competition
Creative destruction in car prices
09 Oct 2015 Leave a comment
in applied welfare economics, economic history, industrial organisation Tags: car prices, creative destruction, good old days
A century of progress: cars in 1913 vs. 2013. buff.ly/1OVS1iB #tech #wealth http://t.co/nzmW84la9R—
HumanProgress.org (@humanprogress) October 06, 2015
Creative destruction in car prices
07 Oct 2015 Leave a comment
in applied welfare economics, economic history, entrepreneurship, politics - USA, technological progress, transport economics Tags: creative destruction
CHART: Since 1995 the CPI for new vehicles has been flat, while the CPI (and wages) increased 60%. What a bargain! http://t.co/DOdlQn8pcK—
Mark J. Perry (@Mark_J_Perry) July 01, 2015
Creative destruction in music sales
02 Oct 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, Music, survivor principle Tags: creative destruction, entrepreneurial alertness, market selection, The meaning of competition
Money spent on music by average American, 1973-2009
businessinsider.com/these-charts-e… http://t.co/zhJN4j5l1n—
Conrad Hackett (@conradhackett) May 30, 2015
Creative destruction in cable TV
01 Oct 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: cable TV, creative destruction, economics of television, Hollywood economics
Google wants to break the grip cable and satellite-TV companies have over the set-top box bloom.bg/1GbGDqz http://t.co/zGj4OBTzq3—
Bloomberg Business (@business) September 29, 2015
How much does it cost to produce an Apple iPhone S6?
30 Sep 2015 1 Comment
in applied price theory, economics of media and culture, entrepreneurship Tags: creative destruction, Iphone, smart phones
How much do all the components in an iPhone 6S cost Apple? And how does that compare to the price you pay? http://t.co/gbqJIXBov4—
paulkirby (@paul1kirby) September 28, 2015
Creative destruction in start-ups
29 Sep 2015 Leave a comment
in economic history, economics, industrial organisation, survivor principle Tags: business demographics, creative destruction, entrepreneurial alertness, start-ups
More than half of start-ups fail within the first five years. Read more bit.ly/1DtN24o http://t.co/D4VMffLYIF—
OECD Statistics (@OECD_Stat) September 27, 2015
The financial performance of TVNZ since 2007
28 Sep 2015 Leave a comment
in economic history, economics of media and culture, industrial organisation, politics - New Zealand Tags: creative destruction, expressive voting, legacy media, privatisation, state owned enterprises
The volatile returns to taxpayers from Television New Zealand shows that continuing to own a state-owned enterprise operating a legacy media adds considerable risk to the taxpayers’ portfolio.
Source: The New Zealand Treasury – data released under the Official Information Act.
Source: The New Zealand Treasury – data released under the Official Information Act.
Source: The New Zealand Treasury – data released under the Official Information Act.
Drug Price Controls End Up Costing Patients Their Lives
24 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, entrepreneurship, health economics, industrial organisation, law and economics, politics - USA, property rights, survivor principle Tags: creative destruction, endogenous growth theory, innovation, intellectual property rights, patents and copyrights, pharmaceutical innovation, price controls
Our research shows that when prices fall, innovation falls even more. Patients would see their lives cut short by delayed or absent drugs.
Source: Drug Price Controls End Up Costing Patients Their Health – NYTimes.com
…cutting prices by 40 to 50 percent in the United States will lead to between 30 and 60 percent fewer R and D projects being undertaken in the early stage of developing a new drug. Relatively modest price changes, such as 5 or 10 percent, are estimated to have relatively little impact on the incentives for product development – perhaps a negative 5 percent.
Source: The Effect of Price Controls on Pharmaceutical Research
Is this evidence of the great stagnation?
24 Sep 2015 Leave a comment
in applied price theory, economic history, entrepreneurship, industrial organisation, survivor principle, technological progress Tags: creative destruction, great stagnation, The Great Enrichment
Are today's young Americans the luckiest generation in history? ow.ly/R425e @Mark_J_Perry @AEIdeas http://t.co/8lHZNkq1Ak—
AEI on Campus (@AEIonCampus) August 18, 2015
Mises on entrepreneurs and consumer sovereignty
21 Sep 2015 Leave a comment
in applied price theory, Austrian economics, economic history, industrial organisation, Ludwig von Mises, survivor principle Tags: competition and monopoly, consumer sovereignty, creative destruction, entrepreneurial alertness, market selection, The meaning of competition
The iPhone cycle
20 Sep 2015 Leave a comment
in industrial organisation, survivor principle Tags: cell phones, creative destruction, smart phones
The #iPhone cycle – when do people upgrade their phones?
statista.com/chart/3784/iph… http://t.co/zbkhEx2jmT—
Statista (@StatistaCharts) September 10, 2015
Creative destruction in computing power
19 Sep 2015 Leave a comment
in entrepreneurship, industrial organisation, survivor principle, technological progress Tags: creative destruction, Moore's law
One dollar buys you increasingly more computing power – vastly more computing power!
from: bit.ly/1AGa3NP http://t.co/vrNf5TOyKI—
Max Roser (@MaxCRoser) June 26, 2015
I am still not using that piece of junk #windows10
19 Sep 2015 Leave a comment
in administration, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, Microsoft, Windows
After a solid launch, 75 million devices are already running #Windows10
statista.com/chart/3772/ope… http://t.co/ORemyeOGNz—
Statista (@StatistaCharts) September 04, 2015
Utopia, you are standing in it! 
Recent Comments