Lynne Kiesling This week Congress held hearings about patent reform; here’s the Wired article on the hearings. Members of Congress claim to be more in unison on this topic than usual, and yet, reform is slow, and when it happens the unintended consequences tend to swamp the purported benefits. This CNET article provides a good …
Congressional Patent Reform: I’ll Believe It When I See It Read More »
Lynne Kiesling While we’re in the “how cool is this?” department, pro cycling team CSC has announced that we’ll be able to track all of their riders on the upcoming Tour de California using GSM cellular technology and Google Earth: During this year’s edition of the pro cycling race, the Computer Sciences Corporation, or CSC, …
Can’t Make the Tour De California? Follow Csc Riders Using Google Earth Read More »
Lynne Kiesling I’ve often wondered how nanotechnology can contribute to increased efficiency, load factor, and conservation of energy. My first thoughts were probably wrong; we don’t need nano-scale devices to perform remote monitoring and automated repair and self-correction within the wires network itself. Regular small-scale devices can do just fine for that. But here’s some …
Lynne Kiesling We’ve had almost a foot of snow in Chicago this week, which means that the informal social norm for the decentralized definition of property rights has kicked in: Chairs, boards, cones, fans, are all fair game for staking your claim to the space you so carefully dug out. I think this norm appeals …
Property Rights Pefinition: A Chicago Parking Case Study Read More »
Lynne Kiesling Welcome Instapundit readers, and thanks to Glenn Reynolds for his link to my recent post about price controls in Venezuela. I hope you find thought-provoking and interesting economics content here. I’m glad you’re here.
Lynne Kiesling Four years of Chávez’s price controls have led to serious food shortages. Such shortages have sporadically appeared with items from milk to coffee since early 2003, when Chávez began regulating prices for 400 basic products as a way to counter inflation and protect the poor. Yet inflation has soared to an accumulated 78 …
The Costly Lesson Venezuela’s Citizens Are Learning About Their Demagogue Read More »
Lynne Kiesling This NY Times article from Daniel Gross is very exciting! Highway congestion pricing becoming a reality … pinch me, am I dreaming? Advances in technology and the successful experiments in Europe and the United States lead many economists to view the present as an ideal time to apply the theory to traffic control. …
Will Congestion Pricing of Highways Finally Happen? Read More »
Lynne Kiesling As a Liverpool FC fan (or, more accurately, a Xabi Alonso fan), I have been watching the impending sale of the team with great interest. The back-and-forth over the holidays between the current owners and the Dubai investment club that had an offer on the table, and the interjection of the interest of …
The Perplexing Economics of US Capital Flowing Into the EPL: Lessons For Hockey? Read More »
Lynne Kiesling I found the juxtaposition of two recent articles (found via Arts & Letters Daily) on language quite interesting. Wine writer Colin Bower is frustrated with the use of simile and metaphor in wine writing: why can’t we describe the experience of tasting a wine in a direct, factual way, without the use of …
Lynne Kiesling Let me count the ways … [youtube=http://www.youtube.com/watch?v=6sHXCs84iJc] Seeing and hearing Stewart Copeland back behind a drum kit just makes me all jelly-like inside. Sometime today they will announce the details of their upcoming reunion tour. Takes me back to 1983, when I drove all over the midwest to see them as many times …
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