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Democratic corporate governance

Are corporations authoritarian or democratic?  Corporations tend to be hierarchical institutions in which workers often feel like they are working within a communist dictatorship, but compared with privately-held companies, corporations are extremely democratic.  A privately-held company can be owned by

Posted in Labor, Managerial Micro, Public Finance

Progress often means cheaper, not necessarily better

The best clothing you can get is “bespoke” clothing. Bespoke clothing is sewn by hand to fit each individual and because it is custom made, it can be designed with exactly the kind of cloth, colors, and shape that you

Posted in Health, Managerial Micro, Public Finance

How to target marketing to achieve persuasion

Habit is a book by Charles Duhigg that got an extremely highly-reviews on Amazon.  He also wrote a fantastic article about habits and marketing based on the book for The New York Times Magazine.  You should read the whole thing, but

Posted in Managerial Micro, Public Finance

How to avoid getting murdered by your coworkers

Homicide is the third leading cause of workplace death after vehicular accidents and falls according to the most recent report from the Bureau of Labor Statistics. That is part of the green bar below which is actually bigger than the

Posted in Labor, Managerial Micro

Radical political ideas that could make the world better but can’t get political support

Henry George promoted a revolutionary plan for the tax system that economists generally agree would be more fair and efficient, but 120 years after his death, still (almost) nobody cares about his great idea. Pigouvian taxes are another idea that

Posted in Managerial Micro, Public Finance

Rising dominance of fewer corporate behemoths.

The number of publically traded corporations used to grow with the US population as you might expect. More people means more customers and more workers which creates opportunities for more corporations. But the number of public corporations peaked in 1996

Posted in Managerial Micro, Public Finance

Data proves July is the best month to buy apparel online!

Austan Goolsbee and Peter Klenow compared overall inflation (red line) with inflation for goods that are sold online. They controlled for the fact that many goods like housing and fresh produce cannot be easily delivered by online vendors by matching

Posted in Managerial Micro

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