Category Archives: business economics

The Tyranny of Metrics

The book by Jerry Muller will be out shortly. It makes a strong case against the over-use of quantitative measures to fix compensation. Education is one example. If you believe the null hypothesis, then compensating teachers based on outcomes only … Continue reading

Posted in business economics, Economics of Education, Economics of Health Care | 4 Comments

Resistance Watch

Charlie Stross writes, However, Facebook is trying to get eyeballs on ads, as is Twitter, as is Google. To do this, they fine-tune the content they show you to make it more attractive to your eyes—and by ‘attractive’ I do … Continue reading

Posted in business economics, technology and the future, Tyler Cowen is my Favorite Blogger | 15 Comments

Resistance Watch

Two from Monday’s WSJ. 1. David Benoit in a front-page story on Apple writes, A leading activist investor and a pension fund are saying the smartphone maker needs to respond to what some see as a growing public-health crisis of … Continue reading

Posted in business economics, technology and the future | 7 Comments

Quotation of the Day

Politics also reflects the new division. In the United States suspicion or resentment is no longer directed to the capitalists or the merely rich. It is the intellectuals–the effete snobs–who are eyed with misgiving and alarm. This should surprise no … Continue reading

Posted in business economics, culture | 5 Comments

My review of Haskel and Westlake

The book is Capitalism without Capital. Recall that this is the one book that made both Tyler’s and my list of books of the year. I write, defending the use of a cost-based method to value intangible capital strikes me … Continue reading

Posted in books and book reviews, business economics, links to my essays | 4 Comments

Blockchain as a solution for data integrity

From Nathan Heller’s long piece in the New Yorker about Estonia. In a blockchain system, too, every line is contingent on what came before it. Any breach of the weave leaves a trace, and trying to cover your tracks leaves … Continue reading

Posted in business economics, Jason Collins is Indispensable | 3 Comments

Blockchain as a solution in search of a problem

Kai Stinchcombe makes the case. Each purported use case — from payments to legal documents, from escrow to voting systems—amounts to a set of contortions to add a distributed, encrypted, anonymous ledger where none was needed. What if there isn’t actually any … Continue reading

Posted in business economics | 20 Comments

Social validation media

Orge Castellano writes, The only purpose of these apps — thriving in the attention economy market — is to trigger our brains into the instant gratification lifestyle, ultimately exploiting our mind’s weaknesses. Whether in the form of a like (Facebook), a binary like/dislike format … Continue reading

Posted in behavioral economics, business economics, Internet | 4 Comments

Bitcoin pushback and a new analogy

Aaron Ross Powell comments, This interpretation seems to depend on thinking the bitcoin just is some random asset people are speculating about. But it’s not. It’s blockchain technology, which is unquestionably important and will unquestionably change the way we do … Continue reading

Posted in business economics, Monetary Economics | 21 Comments

What I am writing

My latest essay is about better approaches to studying the intangible economy. It is like four book reviews in one. It is a long essay. Make time to read it.

Posted in business economics, Economic education and methods, links to my essays | 1 Comment