Monthly Archives: January 2018

Efficiently allocating talent

Tyler Cowen writes, Good at finding the best talent: 1. Highly paid professional sports (those who care can play them in high school) 2. Finance and management consulting (lots of people from top schools consider these careers, and we get … Continue reading

Posted in business economics | 9 Comments

How does one define the term “network”?

I ask this question because I have started to work through a review copy of Niall Ferguson’s The Square and the Tower. So far, it is an attempt to reinterpret history as a contest between networks and hierarchies. So naturally, … Continue reading

Posted in books and book reviews, Economic History | Tagged , , | 3 Comments

What I’m Reading

Instincts of the Herd in Peace and War, by Wilfred Trotter. Someone who attended a discussion of The Three Languages of Politics recommended it to me. Has anyone else read it? It is sociology from 100 years ago. One of … Continue reading

Posted in books and book reviews, Libertarian Thought | Comments Off

Morris Fiorina’s book

It is called Unstable Majorities. He claims that the public is not as polarized as political elites. When one party wins in an electoral cycle, it tends to over-reach, leading to backlash from the public. Hence the unstable majorities. The … Continue reading

Posted in Politics | 13 Comments

Pushback on my four rules

Note: some folks liked the original article. MarketWatch reproduced it. David Henderson liked it and added comments. One commenter writes, “When you have little left to learn on your job, it is time to move on.” Doesn’t that risk sentencing … Continue reading

Posted in business economics | 12 Comments

Ben Thompson on Amazon

He writes, To be both horizontal and vertical is incredibly difficult: horizontal companies often betray their economic model by trying to differentiate their vertical offerings; vertical companies lose their differentiation by trying to reach everyone. That, though, gives a hint … Continue reading

Posted in business economics | 5 Comments

Sluggish economic adjustment

Timothy Taylor writes, In the decades after World War II and up into the 1980s, the US economy experienced regional convergence: that is, the economies and incomes in poorer regions (like the US South) tended to grow more quickly than … Continue reading

Posted in disaggregating the economy, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | 4 Comments

Uninformative Regression

Pierre Lemieux writes, simple regression analysis confirms the absence of statistical correlation between country size and economic freedom. Simple regression analysis is not a good choice with skewed data, such as the population size of different countries. What the regression … Continue reading

Posted in links to my essays, statistical methods | 3 Comments

My four rules for financial and work life

I write, Above all, your employment relationship is not a marriage. You can stay interested in other opportunities without being unfaithful. You can walk away without going through a bitter divorce. Much more if you follow the link.

Posted in business economics, links to my essays | 2 Comments

Russ Roberts and Bill James

Self-recommending. At the end, Bill James expresses sentiments that are essentially identical with mine. Self-righteousness is the great problem that afflicts our political culture. And, the problem is that large numbers of people on both ends of the political spectrum … Continue reading

Posted in Three-Axes Model | 7 Comments