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Is it dangerous for a business to follow a moral philosophy other than maximize profit¿

Mark Zuckerberg wrote a  6,000-word manifesto on the history of humanity and how Facebook will shape humanity’s future. Zuckerberg’s manifesto has been subjected to a large backlash among the intelligentsia of the internet, and although it has problems, I’m glad he

Posted in Managerial Micro, Public Finance

We Pencils

Introduction: This essay is guest authored by a group of pencils.  Yes, we are a bunch of ordinary writing instruments.  Even though any one of us is very dumb, even a group of idiots can produce something much greater than the

Posted in Globalization, Managerial Micro, Public Finance

Marc Andreessen wants to put teachers out of work but he doesn’t know what he is talking about

Vox posted a series of interviews with Marc Andreessen in which the billionaire co-founder of Netscape seems to feel that most of the economy outside of silicon valley is simply backwards. …you have the sectors in which prices are rapidly

Posted in Managerial Micro

Did we reach peak market circa year 2000?

For centuries, markets have been expanding into ever greater spheres of human life and displacing non-market human interaction. This has been an exciting time for economists because economists mostly just study markets.  This has led economists to neglect major spheres of

Posted in Development, Globalization, Managerial Micro

Capitalism rests on socialist foundations.

Yesterday I noticed that one of my colleagues, Dr. George Lehman, will be giving a presentation entitled, “Having it both ways: Costa Rica as an alternative to the capitalism-socialism debate.” George always gives interesting presentations and whereas I’ll probably agree

Posted in Development, Managerial Micro, Public Finance

The math behind whether condoms cause teen pregnancy

Via Sarah Kliff, I see that a new research paper found that schools giving out free condoms had a 10 percent increase in teen births.  This is contrary to the past studies I have seen which show that free birth control led to fewer pregnancies

Posted in Health, Managerial Micro

Anthropomorphizing Bill Gates as the God of Microsoft

It is human to anthropomorphize. We like to personify holidays into heroic figures like Santa Claus or the Easter Bunny and personify companies as Ronald McDonald or the Michelin Man. The flourishing of art and culture of entire eras is

Posted in Managerial Micro

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