Lynne Kiesling The usually-reliable Babbage columnist at the Economist has written a misguided commentary on last week’s power outage in San Diego and its broader implications (and, unfortunately, Glenn has picked it up on Instapundit, which will magnify the effects of its misguidedness). He starts by summarizing what’s known about the fault that led to …
Economist’s Babbage Column on Network Reliability Read More »
Lynne Kiesling In Saturday’s Wall Street Journal, Daniel Yergin has a thorough, thoughtful essay on oil: There Will Be Oil. It’s largely a reflection on “peak oil” ideas, and how innovation and technological change have reduced the cost of identifying and accessing more oil reserves: This is actually the fifth time in modern history that …
Lynne Kiesling The DOJ challenge to the AT&T/T-Mobile merger is bringing AT&T to our attention in ways that it hasn’t been in a while, including this great Ars Technica blog post providing a concise guide to the history of AT&T. Matthew Lasar argues that AT&T conquered the 20th century through patents, strategic acquisition, and embracing …
Lynne Kiesling Does President Obama realize his hypocrisy when he says (as he did in his weekend radio address) that “as Americans, we refuse to live in fear”, while simultaneously having large armed law enforcement teams storm airplanes that have landed, remove passengers, strip search them, and detain them without probable cause or a warrant? …
Authoritarian Hypocrisy and “Anything for Security” Read More »
Lynne Kiesling Macroeconomics and I have never gotten along, and for years I couldn’t figure out why — I’ve just never understood much of the underlying logic, why the analyses start where they do and make the assumptions they do (the only exception to this is my undergrad class with William Hart at Miami when …
Stimulus Failure: A Costly Lesson on Keynes and Say’s Law? Read More »
Lynne Kiesling This week we have many introspective analyses of the consequences of an evil act perpetrated 10 years ago. Those consequences are a mix of good and bad, ranging from no successful coordinated attacks in the U.S. to foreign wars with gruesome human and financial costs. The consequences in which I am most interested, …
Lynne Kiesling As an addendum to my earlier post on the DOJ’s challenge of the AT&T/T-Mobile merger, Peter Suderman at Reason has an informative post (with good links@) making essentially the same point as mine. The more the merrier!
Lynne Kiesling Seriously, this is why I love Joseph Schumpeter — from The Theory of Economic Development, p. 64, fn 1: “… what we are about to consider is that kind of change arising from within the system which so displaces its equilibrium point that the new one cannot be reached from the old one …
Lynne Kiesling Yesterday’s announcement that the US DOJ would challenge the merger of AT&T’s wireless business with T-Mobile’s was surprising, and their approach to the merger seems to be more conventional and rooted in old HHI-market share and price effect metrics. Their analysis suggests that due to the substantial overlap in the existing separate AT&T …
Quality, Broadband, and Spectrum: What the Doj’s At&t/T-Mobile Lawsuit Misses Read More »
Lynne Kiesling Appliance and consumer electronics manufacturers are starting to incorporate digital technology with energy-related applications into their products … but as with most new technologies, the first commercial stage of the innovation cycle takes the form of “because we can” product differentiation rather than use-specific innovation. Take the example that Technology Review highlighted this …
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