economics

Clayton Christensen: How Pursuit of Profits Kills Innovation and the U.S. Economy (Forbes)

I have been saying for decades that business schools, essentially, mostly just teach the brethren how to cook the books in a …

Inequality Based Incentives – A Baseball Analogy

Richard Epstein pointed out that incentive is fueled by inequality. What he didn’t say is that there are limits to that. We only need to head out to the ballpark to see them.

Why Occupy Wall Street Matters — If It Lasts

Many questions have been raised concerning the Occupy Wall Street (OWS) protests and camps that have spread across the country. In a nutshell, these questions seems to boil down to: “So what? A lot of people are camping out and whining…therefore I ask again, so what? Why should I care? Why does the OWS movement matter?”

Why Amazon Can’t Make A Kindle In the USA (Forbes)

Some of us have been nattering about this since the 80s. The suits and bean-counters haven’t wanted to listen. Some, just SOME, …

Personal Financing the Federal Budget

With trillions of dollars of spending, revenue, and debt, it can be tough to have more than a theoretical handle on what all this Federal Budget nonsense is all about. Why don’t we scale it down a bit so we can get a better grasp on what the “fine folk” in Washington are doing.

What The Founding Fathers Thought About Corporations

The founders understood the lessons of history, and were keen observers of human nature. As a group, we here in the now …

Of the 1%, by the 1%, for the 1% (Vanity Fair)

Having gotten to see the US in both its ascendancy and its decline, I have to say that, overall, the ascendancy is preferable…maybe not …

The Iceberg of Radical Conservatism (reddit comment)

While “Working-class Radical Conservatism” seems oxymoronic, it isn’t. At best it’s misguided, at worst is deluded self-loathing. The net effect is that people …

Are We Witnessing the Death Spiral of the Hollywood Blockbuster? (io9.com)

It doesn’t make a lot of sense to shoot your wad on a blockbuster for maybe a big payday instead of making …

Can Bernake Fix the Problem If He Doesn’t Understand It?

Ben Bernake is correct that the economy is stratifying, but can’t see that education is largely irrelevant as a practical reason for the dangerous economic condition of the US.

Sir Ken Robinson – Changing Education Paradigms

If you care about education, you really need to hear what Sir Ken Robinson has to say. Whether or not he’s correct is not for me to say, but his arguments are sensible and it’s clear that what we are currently doing isn’t working…in fact, it’s doing the opposite.

When Life Gives You Lemons, Monetize the Lemonade

In “There is no ‘free’ lemonade: In giving drink away, girls ignore rules of economics — and sum up what’s wrong with U.S.”, writer Terry Savage takes to task three young girls (plus nanny) for setting up a lemonade stand and then giving away–not selling–their wares. I must admit, I’m torn by the two views of the world, the two mindsets, this conflict represents.

George Whitesides: A Lab the Size of a Postage Stamp

This is one of those times when you have to applaud innovative thinking. You define the problem. You define the restraints. You …

The Reality of the American Middle Class’ Decline Since 1970

A lengthy, but important, examination of the adjusted-for-inflation economic reality of what used to be a healthy American middle class. (via Daily …

No More Stimulus Packages, U.S. – Try Sound Money Management

I just read an article about how both the Congress and the Bush Administration (with the blessing of Fed Chair Bernake) want to issue another “stimulus package” to strengthened the economy still reeling from the credit crisis that, it was said, required $700 billion to avoid collapse. Let’s make this simple: it’s a bad idea.

First—and this is key—our political

They Are Bailed Out…Now What Should We Do?

With the Emergency Economic Stabilization Act of 2008, the United States is becoming a shining beacon for money mis-managers everywhere. We need to make fundamental changes to ensure

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