Lynne Kiesling As KP readers know, I am a cyclist and commented on the innumerate media debacle surrounding the Floyd Landis drug test here and here in July. Between the histrionics of the media, the history of bad behavior on the part of at least one testing lab, and the sheer ignorance of science and …
The Floyd Landis Case: Distributed Knowledge, Transparency, and the Wisdom of Crowds Read More »
Lynne Kiesling I am sitting alone in my living room catching up on the day while I await the arrival of the KP Spouse so we can dine. I am indulging in a favorite alone pleasure: Virgin Radio UK on the spiffy music server (it’s too pop-y for the KP Spouse). Franz Ferdinand’s “Do You …
Lynne Kiesling Edmund Phelps has won this year’s Bank of Sweden Nobel Memorial Prize in Economics. Can’t argue with that, very important macro work that revealed the complexity of the interaction between inflation and unemployment. Tyler’s of course got the summary, and his take mirrors mine: But Phelps is not an economist who has influenced …
Lynne Kiesling This David Weigel article from the November issue of Reason made me very glad that I don’t live in Pennsylvania anymore (not that Illinois politics offers me any attractive choices either). The not-so-secret twist of Pennsylvania’s Senate race is that both candidates are trying to reshape their parties’ coalitions by tacking hard to …
Stampeding to the Vapid and Meddling Middle in Pennsylvania Politics Read More »
Michael Giberson Steven Pearlstein’s column in the business pages of today’s Washington Post takes note of Ticketmaster’s growing efforts to become the officially-sanctioned secondary market for an increasing number of teams, venues, and performers. As we have mentioned here before, active secondary markets for tickets can be a good thing for consumers as well as …
Lynne Kiesling In a recent Reason article, Shikha Dalmia writes an open letter to Vinod Khosla, entrepreneur and co-founder of Sun Microsystems. He’s now co-chair of a committee for the passage of Proposition 87 in California, which would create an oil extraction tax. Shikha strikes a lot of the same notes that I did in …
Lynne Kiesling Early last week I was attending the annual North American meetings of the US Association of Energy Economics. Some of the plenary speakers and papers presented focused on the need for technological innovation, particularly in technologies that will reduce the use of fossil fuels for transportation. Some people argued for the political process …
Mike Munger: Why Politicians Can’t Judge Innovation Read More »
Michael Giberson Like David Warsh, I have been reading Donald McKenzie’s book, An Engine, Not a Camera: How Financial Models Shape Markets. Warsh locates it in comparison to William Poundstone’s book Fortune’s Formula and Perry Mehrling’s biography of Fischer Black, but in many respects it reminds me of nothing so much as Warsh’s own Knowledge …
Michael Giberson The e-mails show that, in the bureaucracy that serves Fairfax’s 1.1 million residents, a change in policy can have unintended results. Fairfax County, in an effort to weed out unneeded cars from the county’s fleet, targeted cars recording fewer than 4,500 miles per year of use. As the story relates, county employees were …
Least Surprising Sentence in Today’s Washington Post Read More »
Lynne Kiesling A follow-up to my recent musings on the health benefits of tea, one of my favorite beverages and daily rituals: innovation is occurring in the bagged tea market. This NYT article on new tea bag designs is very interesting, whether you are a tea drinker or not. Most people are familiar with the …
Tea Bags: Consumer Marketing and Product Innovation Read More »
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