Category: Economics

Greenspan’s new book

From the NYTimes ‘The Map and the Territory’ by Alan Greenspan (Binyamin Applebaum) “The marked increase in risk taking of a decade ago could have been guarded against wholly by increased capital,” he writes. “Regrettably, that did not occur, and…

How many books in a Book?

George R. R. Martin has been a prolific writer, but—like many readers—I’ve only read his “A Song of Ice and Fire” series known more popularly by the first book’s title “A Game of Thrones” and I’m only a little ways…

Levitt, Porter, and Detroit

No explicit cite of Michael Porter, but it’s always good to see Levitt part of the story and more. Sometimes the best that a company can hope for is death (Financial Times) “Levitt did not recognise that competitive advantage, rather…

One of each from The Economist

From micro The Utility of Bad Art we find that perhaps we’re not as unintelligent as psychologists (and behavioral economists) may have thought. From macro Guidance on Forward Guidance we find things not so different in Britain compared to the…

Fordlandia

New information On Henry Ford's 150th Birthday, a Look Inside His Failed Utopia (Gizmodo) to add to the piece I’ve been using to discuss vertical integration for some time now. You Can’t Always Get What You Want (The New Yorker)…

Poverty, India vs China

“Economists talk of targeting subsidies at those below the Tendulkar line. But for politicians, the aim of subsidies is to win votes.” Why no applause for 138 million exiting poverty? “And clearly you win more votes by extending subsidies to…