Hayek explains the inexplicable value of capitalism and traditions
13 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, F.A. Hayek, liberalism Tags: capitalism and freedom, market selection, spontaneous order, The meaning of competition
Creative destruction in car manufacturing
14 Aug 2015 Leave a comment
in development economics, economic history, entrepreneurship, growth miracles, industrial organisation, international economics, survivor principle Tags: automotive industry, car industry, comparative advantage, creative destruction, entrepreneurial alertness, manufacturing industry, market selection, The meaning of competition
Changing shares of car production since 1950
(source bit.ly/1hn1l0Y) http://t.co/VPhianlBBX—
Max Roser (@MaxCRoser) August 07, 2015
The unicorns of the US tech sector share market
13 Aug 2015 Leave a comment
in entrepreneurship, industrial organisation, survivor principle Tags: competition as a discovery procedure, efficient markets hypothesis, entrepreneurial alertness, market selection, technology diffusion, Uber
There are 74 "unicorns” in US tech sector, valued at $273 billion. Will they become extinct? econ.st/1ISYkvd http://t.co/ATyuzMsZwA—
The Economist (@EconBizFin) August 11, 2015
Cost control at Google in two charts
12 Aug 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, economics of advertising, entrepreneurial alertness, Google, innovation, legacy media, market selection, The meaning of competition
Google's core business explained in two charts buff.ly/1UBysMC http://t.co/V6uRrPVKMk—
Business Insider (@businessinsider) August 12, 2015
Creative destruction in oldest businesses
06 Aug 2015 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: business history, creative destruction, Japan, market selection
Japan houses more than half of the world's 1,000 oldest businesses:
priceonomics.com/why-are-so-man… http://t.co/LVzPPKOeJw—
Zachary Crockett (@zzcrockett) July 15, 2015
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
Which companies are the most innovative?
07 Jul 2015 Leave a comment
in entrepreneurship, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, entrepreneurial alertness, ICT, innovation, market selection, R&D, The meaning of competition
Fabian Society and Church of England caught out as hypocrites on London Living Wage of £18,000
06 Jul 2015 Leave a comment
in income redistribution, industrial organisation, labour economics, minimum wage, poverty and inequality, Public Choice, rentseeking, survivor principle Tags: British economy, British politics, Church of England, expressive voting, Fabian Society, hard budget constraints, Left-wing hypocrisy, living wage, market selection
Creative destruction in Telco consumer spending
28 Jun 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: cell phones, creative destruction, market selection, smart phones, The meaning of competition
The internet/mobile revolution, in one simple consumer-spending chart bloombergview.com/articles/2015-… http://t.co/8XAfEkgkF0—
Justin Fox (@foxjust) April 02, 2015
Creative destruction in legacy media revenues
16 Jun 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, economics of advertising, entrepreneurial alertness, legacy media, market selection
The media needs a new formula for paying for news gathering, says @bradwarthen: brook.gs/1JlfWUT http://t.co/QDGti24x1f—
Brookings (@BrookingsInst) May 15, 2015
There is rampant height discrimination in the movie business?
13 Jun 2015 Leave a comment
in discrimination, industrial organisation, labour economics, movies, survivor principle Tags: competition as a discovery procedure, height discrimination, Hollywood economics, market selection, statistical discrimination, The meaning of competition
Spare me the conspiracy theories. When an actor or actress walks into a scene, the first impression of the audience is not supposed to be about how tall they are or how they differ in height from those already on the stage or film set.
This casting decision can be deliberate or simply that actors who do not differ as much in height seem to work well together and have more successful careers because of better rapport.
TIL America Online is still in business
12 Jun 2015 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, market selection
After 18 years of acquisitions, sales, and spinoffs, AOL is still holding its own bloom.bg/1IwBaQp http://t.co/Qjwd94THPB—
Bloomberg VisualData (@BBGVisualData) May 17, 2015
Maybe this is why Twitter is struggling a bit
17 May 2015 Leave a comment
in economics of media and culture, entrepreneurship Tags: creative destruction, entrepreneurial alertness, Facebook, market selection, The meaning of competition, Twitter
According to @Shareaholic, Facebook drives 20x as much traffic to websites as Twitter does statista.com/chart/2480/twi… http://t.co/c2TRVndt4K—
Statista (@StatistaCharts) July 22, 2014
Utopia, you are standing in it! 
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