Category Archives: links to my essays

Evan Williams on media business models

He writes, The reason quality — of content and experience — has gone down in publishing, not up, despite the power of competition and technology, is because publishers are competing for advertiser dollars, not audience dollars. Business model is gravity. Once publishers are competing … Continue reading

Posted in business economics, links to my essays | 6 Comments

Complex vs. Complicated

My latest essay. When I was a graduate student in economics in the late 1970s, we were trained as if the economy is complicated, but not complex. We were told that if we learned enough mathematics and statistics and applied … Continue reading

Posted in Economic education and methods, links to my essays | 5 Comments

Immigration laws and others not enforced

Look at what I wrote more than 15 years ago. many laws are the legal equivalent of oxymorons – legamorons, if you will. A legamoron is any law that could not stand up under widespread enforcement. Laws against marijuana use … Continue reading

Posted in Libertarian Thought, links to my essays, trade and immigration | 10 Comments

Essays of Israel Kirzner

They have been collected in a new volume. It prompted my latest essay, but I would not call it a review. Kirzner addresses many difficult issues. For example, I write, Those of us who wish to defend both methodological individualism … Continue reading

Posted in books and book reviews, links to my essays | 2 Comments

The game-playing society

My latest essay. During the industrial era, the key word was systematic. Factories and assembly lines turned production into a system. We invented the discipline of political economy, which analyzed the capitalist system. From Leon Walras in the 19th century … Continue reading

Posted in culture, Economic education and methods, links to my essays | 24 Comments

Why consolidation?

In my latest essay, More or Less Competitive?, I discuss the very important question of what accounts for the apparent consolidation within industries, with a few winners taking large market shares. I think that the role that software plays in … Continue reading

Posted in business economics, links to my essays | 13 Comments

Russ Roberts and me

A podcast on Economics for the 21st century. An excerpt: And I think–I listed, in the essay, four key research areas. And one of them is what I call Firm Interaction. And this question of how the ecosystem operates now, … Continue reading

Posted in Economic education and methods, links to my essays | Tagged | 2 Comments

Kling on Niall Ferguson’s latest

My review of The Square and the Tower. I think it is very difficult to show that a particular technology favors peer relationships over hierarchical relationships. I think that many of us made this mistake when we projected the social … Continue reading

Posted in books and book reviews, Economic History, links to my essays | 2 Comments

Nassim Taleb week, continued

My essay is called Nassim Taleb and the Disagreeables (catchy name for a rock band, perhaps?). Agreeables tend to take people’s words at face value. Disagreeables do not. One of Taleb’s themes is that people’s words are not trustworthy unless … Continue reading

Posted in books and book reviews, culture, links to my essays | Tagged | 2 Comments

Off Topic: fantasy baseball post

It’s March again, and my thoughts have already turned to fantasy baseball. I think that what I wrote last year pretty much stands up. A few additional notes: 1. Usually, what you want from your top picks is low down … Continue reading

Posted in links to my essays | 3 Comments