Read Coase

Lynne Kiesling (link section) posted this in her blog. She’s into transaction cost theory, I am into transaction cost theory. So I am going to spread the word about this illustration of the Coase theorem by Megan McArdle. She also mentions a reference to Coase’s 1988 book „The Firm, The Market, And The Law„. She, […]

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E-Begging. Find your favorite beggar – online

The weirdest things happen on the internet. Here’s another story (link in German) which lives up to that standard. Karyn is living in NYC. She is working for a tv-station. And while she is not the minor celebrity in the major city impersonated by Sarah Jessica Parker in Sex And The City, Carrie Bradshaw and […]

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Moneymaker

Last year I volunteered in the staff of a British MP. Just after 9-11, over a pint, he wondered how Bin Laden had funded all his activities, apart from his inheritance of about 200m USD and the western (CIA/ISI) support for the Mudjahedin during the 1980s. Given the abysmal state of the Afghan economy and […]

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Hardwired Hirarchy

Thinking about coordination of human activities I can’t help but wonder – do we have a hardwired tendency for hirarchical coordination? Is there some sort of biological reason for people’s need to have an ordered society? Is this simply about assigning responsibilities and easily finding the culprit(s) when the damage occurs or could it possibly […]

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High Noon

Well, it was about time. Being a mature liberal democracy with television, it was only a matter of time until there would be a televised duel between the two most serious contenders for Germany’s most important political office, the chancellor. Yesterday evening, 20:15 was the hour of truth for both contestants. Given that this sort […]

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The Knowledge Problem

UPDATE: (26/01/2007) The blogroll service I used in 2002 is not used in this template. Found a very good blog. Lynne Kiesling’s „The Knowledge Problem – Commentary on Economics, Information and Human Action„. Check it out. I put a permanent link in the link section.

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Fool Cruel Gone One

UPDATE (26/01/2007) The songs has been published on my demo album Quarterlife in late 2005. Check it out here. I never thought I could write lyrics. But the above title tells you that I did. Still very pleased with myself. Seriously, isn’t it nice to discover a previously hidden creative side in oneself? Once the […]

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Tough Times Ahead For Napsters?

The US might begin to indict p2p users for criminal charges who share (offer – not download) copyrighted material in excess of $1000, US deputy attorney general John Malcom said today (link in German). I would recommend to have a look at the transaction cost theory literature before publicly stating stuff like that. But as […]

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Is the bottom line really chapter 32, in part VIII of volume one?

Oxford’s Niall Ferguson thinks that Marx’s thoughts about crisis prone capitalism should be given more attention in light of the not so recently past days of „CEOcracy“ and increased income inequality in the US. But today, Ferguson claims, the class struggle is not waged between workers and owners but between ordinary shareholders and their CEO […]

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Times are(n’t) a changing?

I am reading William Easterly’s account of the „Elusive Quest For Growth“ in the developing world. This is a quote from page 25. „On March 6, 1957, the Gold Coast, a small British colony became the first nation of sub-Saharan Africa to gain its independence. I renamed itself Ghana. […] Vice President Richard nixon led […]

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Too much water. And Moral Hazard.

Faced with the destruction of the floods currently covering a good part of East Germany and the Czech Republic, more than 4m victims will only be able to deplore their impotence with regard to the destructive potence of nature and to feel the anxiety of not knowing how to go on with their lives. It […]

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Civil Right (wings) in the US.

Seriously, what is going on with civil rights in the US? Last week I already reported NYTimes articles regarding the jailing of half a community of apparently innocent black people for alleged drug dealing in Tulia, Texas, US. Now the NYTimes reports another instance of „jurisprudence“ that makes me want to vomit. This time the […]

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Wise Men (in Black) Say…

Last night I watched the first part of „Men in Black“ again. And I noticed it features an immensely wise line which I won’t withhold from you, of course. Agent K (Tommy Lee Jones) is explaining to prospective Agent J (Will Smith) why the existence of extraterrestrial intelligent life on earth must be kept hidden […]

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What the US are fighting for…

Just a link, haven’t read it, can’t comment – but if you always wanted to know what the US are fighting for, click here and find out. There’s also a comment from some (seemingly) left German academics and the American reply on that page. I’ll read and comment on it later.

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The Secret War. Today: Eldred vs. Ashcroft.

When Paul Krugman stated in his NY Times op-ed column back in February that, in his opinion, in ten years people will regard the Enron induced confidence crisis in American capitalism as a much bigger problem than September 11, 2001 and the ensuing war on terror, the public outrage was immediate. I am not sure […]

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FT: FDP criticizes Schroeder’s stance on Iraq

(Link) I really don’t know why the papers pay so much attention to politicians during campaign time. They really ought not to. Wolfgang Gerhardt, the boring old possible successor of Joschka Fischer in the foreign office has given an interview. Now that is something he does not do very often since he was ousted as […]

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Art & Life Documented (for the 11th time)

Yesterday I visited „Documenta11„, one of the most important exhibitions of modern art which takes place every five years in Kassel, Germany. As the suffix 11 indicates, this is the eleventh of such exhibitions, whose broad aim is to provide either a thematic or temporal survey of modern art and artists. I am by no […]

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Structure in motion.

Now we all know that structure is something precious in unstable times like these, don’t we? And like some of the gold diggers during the glod rushes of earlier times were more successful than others, some people are able to identify the precious stability, the macro trends of development within which all the instability occurs. […]

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Europe. Art. Later.

I will write something about my visit to this year’s dokumenta11 later tonight. For the time being I’ll leave you with the FT’s Quentin Peel and his thoughts about how Germany would act different in Europe under a conservative chancellor (Link). I think most of that is bollocks. Germany is still as committed to multilateral […]

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Important news.

Following Steven Wolfram’s „A new kind of science„, another algorythm solving one of the oldest mathematical problems, the determination of prime numbers (those which can only be divided by one and themselves), has been discovered by Indian researchers. Mainz 05, up-and-coming football club in Germany’s second division, yesterday beat Union Berlin on their home ground. […]

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The Human Stain.

I am about to take off for a friend’s brithday party. He doesn’t know it yet, but he’ll get Phillip Roth’s „The Human Stain“ in the original version. There is no need to praise the book here. Others have done so exhaustively and probably better than I could. So why this entry? Because everytime I […]

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Stuck somewhere in the middle. Growing up these days.

The German weekly „Die Zeit“ this week provides a survey of the consequences of disappearing traditional family structures and socially predetermined gender roles for today’s youngsters. According to the article, socio-athropologists and behavioral biologists alike now claim that kids these days are in dire need for authority and some sort of biographical structure. The price […]

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Leviathan has to move.

A friend in need is a friend indeed. Leviathan certainly is not a friend of the Afghan people as recent reports of new fights in and around Kabul confirm. So instead of trying to forge some sort of working government out of the state-of-nature-like inter-agency conflicts of competing warlords Leviathan apparently prefers competing with his […]

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Songwriting.

Believe it or not. Sometimes writing songs (that is playing / sequencing rather than actual „writing“) can be really rewarding. When it’s actually done, I might post a link to the song I’m referring to…

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