Course video: Alfred Marshall and the neoclassical synthesis

Here’s the next video from my history of economic thought course, on Alfred Marshall. Alfred Marshall and the Neoclassical Synthesis from Lynne Kiesling on Vimeo. Alfred Marshall was one of the most important economists shaping the field as we practice it today. By synthesizing the classical economics focus on production and costs with the new … More Course video: Alfred Marshall and the neoclassical synthesis

NSA surveillance imperils the Internet as an economic platform

Today’s new revelations from Edward Snowden’s whistleblowing show that the NSA can, and does, use a program that surveils our Internet behavior in a general, blanket way (much in the nature of the “general warrants” that were the whole reason the authors of the Bill of Rights put the Fourth Amendment in there in the … More NSA surveillance imperils the Internet as an economic platform

Disruptive innovation and the regulated utility

Over the weekend the New York Times ran a good story about how rooftop solar and regulatory rules allowing net metering are putting pressure on the regulated distribution utility business model: The struggle over the California incentives is only the most recent and visible dust-up as many utilities cling to their established business, and its … More Disruptive innovation and the regulated utility

Michael Chwe’s Jane Austen, Game Theorist

As trenchant observers of human nature, great fiction writers are often very good social scientists. Jane Austen, one of my favorite authors, was a writer with great analytical depth and insight. In addition to the irony and wit for which she is famous, Austen’s writing reflects the philosophical and cultural mindset of the “long 18th … More Michael Chwe’s Jane Austen, Game Theorist

A “stop watching us” smorgasbord

If you follow Knowledge Problem on Twitter, you’ve noticed that I’ve been continuing to comment on and re-tweet various of the developments in the federal government’s surveillance of individuals without obtaining warrants, the Star Chamber-like super-secret FISA courts and our inability to oversee and monitor the lawfulness of their rulings, and this week’s House of … More A “stop watching us” smorgasbord