“They realized that this wasn’t a bet against a company, this was a bet against an entire system”

The story of “The Great Recession”, as many are calling the current economic crash, is in the process of being told.  There are so many angles and players that it is difficult to tell the story in one single work.  Each article and book that comes out focuses on one aspect of the crisis (e.g. [...]

Hardwired to see Patterns

Alan Turing, one of the most brilliant minds to have graced the earth, devised a test to determine whether or not a machine possessed intelligence.  This test became known as the Turing Test. A pair of researchers have developed a similar test to determine whether humans can tell the difference between actual financial market returns [...]

Why expiration dates probably aren’t good for business

Noah asks a provocative question: What if businesses came with expiration dates? Nobody wins forever. It just doesn’t happen. What we see in reality are millions of corpses of businesses and ideas that have made their impact (or not) and then petered out into oblivion without leaving much more than a memory. Some of them [...]

Does Social Science Training make us Selfish and Immoral?

Tim Hartford (whose blog at FT.com you really must read) discusses the results of a recent survey that suggest the answer is yes: A recent survey by Yoram Bauman and Elaina Rose, two economists from the University of Washington, explains that in experiments, economics students are less generous, more likely to choose an unco-operative approach [...]

Casino Capitalism

Really interesting article on page one of Friday’s Wall Street Journal: Investors are sometimes accused of treating the stock market like a casino. Now, one Wall Street firm wants to treat casinos like the stock market. Bond-trading specialist Cantor Fitzgerald in March took over the management of sports betting at the M Resort, a new [...]

Applying Social Science Concepts to Business: E-Book Edition

Sunday’s Wall Street Journal reported that Amazon has stopped selling Kindle versions of all Macmillan titles.  John Sargent, Macmillian’s CEO, recently went to Amazon’s headquarters to try and negotiate new terms for the sale of e-books published by his company.  In general, the publishing industry has been unhappy with Amazon’s insistence that most books be [...]

Fear the Boom and Bust

This video has been making the rounds recently.  One doesn’t immediately think of rap and macroeconomic theory together, but the video does a really good job of boiling down the two dominant schools of thought and what their disagreements primarily revolve around.  There are some really smart touches in the video (e.g. Hayek peering into [...]

Linkage for 1.21.2010

The Limits of Innovation: “And the last argument for the limits of innovation has  to do with human nature. Why we choose to adopt things is not a logical process, and is fueled by culture, psychology, timing, and a dozen factors, many which have little to do with new idea X being better than old [...]

Free-rider Businesses

Over lunch the other day, Noah mentioned this really interesting product that was announced at CES.  It’s called Airnergy and it somehow harvests the energy emitted by nearby WiFi signals and converts it into electricity that can be used to power and recharge various devices. It reminded me of a concept I’ve been toying with [...]

Strategy for (dealing with) Growth

Joel Spolsky, an entrepreneur and columnist for Inc., wrote an interesting piece last month asking whether his strategy of slow, consistent growth was actually a recipe for failure: I have always believed that there is a natural, organic rate at which a business should grow, and that if we expanded too fast, the wheels would [...]

Follow

Get every new post delivered to your Inbox.