I’m a little behind the times, so instead of updating the post I’ll separate direct your attention to Justin’s very correct and informative comment on my post about the Q4 financial results of electric utilities. Yeah, Constellation NewEnergy was never as in the hole as the rest, and some of those who were, like Dynegy, …
I have been derelict in welcoming Nick Schulz’s new sports and technology blog to the block. These are two of my favorite topics, so I look forward to seeing them together. See, for example, his thought=provoking post on the effects of technological change on baseball.
A lot of folks around here have been discussing outsourcing, and its short-run and long-run economic effects. I tend to be simple-minded about it and say that outsourcing will continue until the wage in each country equals the value of marginal product of that country’s workers. Put another way, the high productivity of US workers …
Tyler Cowen Summarizes The Outsourcing Discusison Read More »
Today’s Carnival of the Capitalists is up at Steve’ Verdon’s site. I’ve been too busy to rub the brain cells together well enough to write a post worthy of CotC inclusion, but I am happy that my small musings on competitive transmission, contestability, and evolutionary processes in markets got Robert Prather riffing on it, and …
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