Musician Credibility And Popularity: A False Dichotomy

Lynne Kiesling Interesting post and comments over at Grant McCracken’s place about Coldplay, their new album, and their disdain for corporate shareholders. I really encourage you to read the whole post and comment thread. A teaser, though, because I really treasure Grant’s open, forward-looking vision as articulated here: Ours is no longer a dual world … More Musician Credibility And Popularity: A False DichotomyMore Musician Credibility And Popularity: A False Dichotomy

Left2right: Hayek On The Institutions Of A Free Society

Lynne Kiesling I don’t read Left2Right, largely because I don’t like politics. But this post from Elizabeth Anderson about Hayek’s arguments for procedural rules for public support to those who cannot “play the game” is insightful and thought-provoking. Many of the comments are also worth reading, in particular the one from economist Steve Horowitz. Hat … More Left2right: Hayek On The Institutions Of A Free SocietyMore Left2right: Hayek On The Institutions Of A Free Society

The Meaning Of “Non”

Lynne Kiesling About five weeks ago, when I was in France, I pondered the upcoming French referendum on the EU Constitution. I certainly concluded that it was a curate’s egg, with the (extremely few) excellent bits being what, according to Glenn Reynolds, induced French free-market activist Sabine Herold [to support] the EU because she thought … More The Meaning Of “Non”More The Meaning Of “Non”

Circuit Breakers In Commodity Markets

Michael Giberson Iím puzzled. Earlier this year I was involved in a project examining natural gas price volatility, and as part of the background work I examined circuit breakers in futures contracts. As it turned out, the circuit breaker on the NYMEX natural gas futures contract was the most permissive by a wide margin. Circuit … More Circuit Breakers In Commodity MarketsMore Circuit Breakers In Commodity Markets

Liverpool’s Champion’s Cup Win

Lynne Kiesling So we stayed up late Thursday night to watch the replay of the Liverpool-AC Milan UEFA Champion’s Cup match, which we had not seen on Wednesday as we were both working. What a hum-dinger of a game! Definitely the best comeback story I’ve seen in a long time. I stayed up through the … More Liverpool’s Champion’s Cup WinMore Liverpool’s Champion’s Cup Win

Warren Buffett, Pacificorp, And Institutional Change In Electricity

Lynne Kiesling For years Warren Buffett has been saying that there is a lot of untapped, uncreated value to be unleashed in the electricity industry. Berkshire Hathaway’s acquisition of PacifiCorp, a retail utility in the Pacific Northwest, is its first large acquisition in seven years. Long-time KP readers know that this is the kind of … More Warren Buffett, Pacificorp, And Institutional Change In ElectricityMore Warren Buffett, Pacificorp, And Institutional Change In Electricity

Networks And Disciplinary Boundaries

Lynne Kiesling While I’m over at Crooked Timber, Eszter Hargittai recently had an interesting post on disciplinary boundaries and some of the difficulties of doing interdisciplinary work. Henry Farrell follows up with, among other things, a very insightful extended quote from Susanne Lohmann and from a follow-on post from physicist Cosma Shalizi. See also MeshForum … More Networks And Disciplinary BoundariesMore Networks And Disciplinary Boundaries

Freakonomics Seminar At Crooked Timber

Lynne Kiesling On Monday Crooked Timber hosted a seminar with Steven Levitt on Freakonomics, all of which made for an interesting read. Kieran Healy, John Quiggin, Henry Farrell, Tyler Cowen, and Tim Harford discussing various aspects of Freakonomics specifically and Levitt’s work more generally. My favorite quote, from Levitt’s reponse: I just canít get away … More Freakonomics Seminar At Crooked TimberMore Freakonomics Seminar At Crooked Timber

A Misguided Criticism Of Texas Electricity Deregulation

Lynne Kiesling In a Wall Street Journal article on Friday titled “Texas Electricity Deregulation Hasn’t Aided Small Power Users,” Rebecca Smith suggests that small customers in Texas are not benefitting from electricity restructuring because the fuel price pass-through has led to higher prices: Deregulated power companies operating in their former monopoly territories were forced to … More A Misguided Criticism Of Texas Electricity DeregulationMore A Misguided Criticism Of Texas Electricity Deregulation

Reputation Mechanisms And Network Reliability

Lynne Kiesling Y’all are so on the ball, I can’t string out any kind of argument, can I? In the comments to yesterday’s post about reputation mechanisms and the “Scarlet Letter” in electric reliability, jdr points out that “customer choice, where it exists, generally applies to the supply side rather than to the operations side, … More Reputation Mechanisms And Network ReliabilityMore Reputation Mechanisms And Network Reliability