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Category economics
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Addiction and Economics
The way economics works for “addictive” products is, in some ways, the opposite of how it works for “normal” products. And this insight explains a lot of what happens in our modern society. The way economics works for “addictive” products is, in some ways, the opposite of how it…
Economists
Economics, the dismal science that showers so many good things on those who bother to learn anything about it. — Ben Stein Where to begin. Economists. LOL. Consider first this joke which does its best to sum up the problem: A physicist, a chemist, and an economist are strande…
Growth Limits
Investigation of a tax-reform idea (This is an exercise in looking through consequences and unintended consequences, and revising a model and re-investigating. I am unlikely to ever complete this article, as the ability to type up the consequences of a thought is much less than …
Invisible Hand
The invisible hand is an imaginary force, invented (arguably 'discovered') by Adam Smith, to explain the way that markets, composed of selfish desires, can have non-selfish consequences. It is a classic case of "emergence", where a thing of one type leads to a thing of an entire…
Leon Coin
Here are the rules of Leon Coin (lb-coin). The emoji: 🏅 ...is used as the official emoji until a new emoji issuing foundation is established as a subsidiary of unicode and a custom emoji is thus available. Alternatively I would like to create an SVG to act as the official lo…
Natural Monopoly
(These are just my half-baked thoughts. I am happy to adjust them in part or in whole, and to annotate them with links to relevant research etc.) In Economics (and econ. of capitalism) it is generally understood that Monopolies are Bad. Monopolies mean that a single player gets…
The Productivity Paradox
Computers have completely created enormous productivity improvements. The world is so so productive now!! Cal Newport in the NewYorker wrote -- with no references -- During the past two decades or so—a period of rapid technology innovation, which produced laptops, smartphones,…
What Should I Do Now?
One of the greatest questions in life, in philosophy, in management, in personal productivity is the ever present: WHAT SHOULD I DO NOW? (The now is redundant, as you can only do things "now". If you're talking about something to "do" in the future, then you're talking about "W…
Why are firms so dysfunctional?
It's fair to say that "firms" (companies, commercial entities, multi-nationals, businesses.... call them what you will) — "firms" — when viewed from the inside, seem to be riddled with what modern economics academicians would — had they permission to use a sufficiently expressive…
Why Do Cities Exist?
You might have lived in a city your whole life, or moved to a city from somewhere smaller, or visited a bunch of cities, without ever pondering this question: why on Earth do these monstrous places exist at all? These sort of questions can be considered on a philosophical scale,…
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