Moving Day
Monday’s closing day and moving day, so I’ll be a wee bit distracted for the immediate future. Cross your fingers!
Another Friday Night
I am flying back from Aspen today, hopefully early enough to avoid O’Hare ground holds. I wrote this a couple of weeks ago, but decided to wait until my anger subsided to post it, to give me time to edit out some of the more imprudent statements. Another Friday Night Another Friday night, another ground …
The Perennial Gale Of Creative Destruction
One of the readings for today at the PFF IRLE workshop is Chapters 6-8 of the “Can Capitalism Survive?” section of Schumpeter’s Capitalism, Socialism, and Democracy. I think this is one of the most important economic works ever written, notwithstanding the fact that much of Schumpeter’s doom and gloom fear for the future of capitalism …
Quelle Surprise
The French government finally acknowledges that the mandatory 35-hour work week is a financial disaster. Nor has it achieved its purported objective, the reduction of the unemployment rate in France. Thanks to Glenn Reynolds for the link to the article.
Lao-tzu On Leadership
I am in Aspen, Colorado this week, teaching at the Progress & Freedom Foundation’s Institute for Regulatory Law & Economics. We are spending the day doing a variety of different types of economic experiments. In our meeting room there is a quote from Lao-tzu on leadership that I’ve always liked: A leader is best When …
KP Comment Policy
Ian’s policy statement at The Commons, in combination with the comment spamming I received a couple of weekends ago, prompts me to make this editorial policy statement regarding comments: As of today, comments will be open for one week on each post. So please speak your mind, civilly and quickly.
How Cool Is This? Underwater Electric Transmission Conduit
Entergy has energized the high-voltage transmission line they’ve been laying under the Mississippi River. They built a flexible duct conduit system and installed it using horizontal drilling techniques adapted from offshore oil drilling. What a great example of adaptive technology transfer!
Welcome To The Commons, Here’s How Not To Overuse It
A great group of free-market environmentalist analysts and scholars have started up The Commons, a site dedicated to discussion of “environmental quality and human dignity through free markets and property rights”. I recommend it highly and encourage you all to visit. In walking the talk by establishing transparent rules for the use of the site, …
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Lessig On Protectionism
From Wired, Larry Lessig’s stump speech against protectionism. It’s good. And it’s pathetic that supposed dynamic innovators have to hear it.
Experimental Gasoline Markets
The spring issue of Regulation magazine is full of good articles, including the Adelman article to which I referred yesterday. Another article worthy of careful reading is ?Economics at the Pump? by my colleague Bart Wilson and Cary Deck. They report on a set of experiments that they ran to explore the effects of different …