A few weeks ago President Obama made his now memorable “you didn’t build that” remark. Most of the resulting political exchange has been pretty thoughtless. Extremely rare have been the thoughtful reactions. Here are two of the best.
Michael Giberson At Slate, Matthew Yglesias tells the story of a business that is booming: Chipotle’s Mexican Grill, “a company that shows there’s clearly room for growth and innovation in even the most basic sectors of the economy.” The chain has been expanding rapidly, Chipotle’s stock has risen 500 percent over 5 years, and yet: …
A Secret to Chipotle’s Good-food-fast Innovations Read More »
Michael Giberson At AidWatch, an interview with Dierdre McCloskey, author of Bourgeois Dignity: “Don’t be snobbish towards merchants & entrepreneurs, and you’ll develop.” Short, and to the point, so likely worth a few minutes of your time to read. Here is a shorter and even more to the point summary of her message: History shows …
Dignity and Liberty for Ordinary People Brings Social Growth and Development Read More »
Lynne Kiesling Ed Glaeser has a very interesting post and an accompanying working paper on differences in entrepreneurship across cities. His post covers some history of entrepreneurship in economics (he mentions Smith, Marshall, Schumpeter, Knight, and Chinitz, but not Cantillon), how to measure entrepreneurship, and some preliminary results from their working paper: The big fact …
Ed Glaeser on Why Some Cities Are More Entrepreneurial Read More »
Michael Giberson In a previous post I was complaining that the entrenched regulated utility industry makes the electric power business resistant to entrepreneurial efforts to shake things up, even when those entrepreneurs want to do things that regulators, utilities, and consumers say they want. (Like environmentally-friendly cogeneration projects, as The New Republic story mentioned.) A …
An Illustration of the Problem Discussed in an Earlier Post Read More »
Lynne Kiesling Tim Kane at the Kauffman Foundation is going to do some experimental economics research (with Dan Houser at George Mason) on some questions of growth and entrepreneurship: The experiments are for the study of work and entrepreneurial behavior under different policy regimes, including taxation, welfare, and social insurance. I’ll share a link to …
Michael Giberson The Kauffman Foundation offers a video of Tyler Cowen talking about blogging economics and other topics. Cowen wraps up with comments on current economic conditions in the United States: If there is one point I could get through about the mess we’re in, it’s that even if you think that the government needs …
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