Thus reads the headlines on David Meyer’s Gigaom post on news that the Satis toilet, manufactured by the Japanese firm Lixii, comes with a smartphone app that can be used to control any Satis toilet (see also this BBC news article). You may wonder why a toilet needs an app, which is a valid question; …
“If Your Toilet’s So Smart, How Come I Can Hack It?” Read More »
Bruce Yandle’s “bootleggers & Baptists” model of political coalition formation is one of the most useful models in the political economy of regulation (and one that both Mike and I employ frequently, as seen by our many posts using the model). Here’s a great new Learn Liberty video featuring Bruce himself describing how coalitions of …
I’m pleased that someone picked up on my offhand mention of the likelihood that deep and broad NSA surveillance will have a negative effect on the value of the Internet as a commercial platform for value creation and posted the link on reddit. Thanks! Since I didn’t intend to provide any in-depth analysis on that …
James Fallows on Surveillance’s Effect on the Commercial Internet Read More »
Lest ye think that I am not a fan of vertical integration, given how firm I am in my arguments for the dis-integration of the vertically-integrated, regulated electric utility, I recommend this post from Seth Goldin about reasons why firms vertically integrate. In large part it’s a concise summary of Klein, Crawford, & Alchian (1978), …
Today a new mall is opening in Rosemont, near O’Hare Airport and the Rosemont Convention Center. The Fashion Outlets of Chicago will have a range of familiar factory outlet stores and restaurants, conveniently located near the airport and public transportation (I could even take the el there from KP Chicago HQ!). So what? According to its …
New Chicago Mall and Schumpeterian Disruptive Innovation Read More »
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