Hey, maybe the economic crisis will have a bit of a lasting effect on incentives, after all – if only indirectly.
Im vergangenen April, auf der Republica 2009, habe ich Stefan Niggemeier nach der gnadenlos langweiligen Blogger vs. Journalismus-Diskussion zwischen zwei Radiointerviews zum Thema noch gefragt, ob es ihn nicht langweile, seit Jahren mit den gleichen Leuten immer die gleichen Dinge zu diskutieren. Er meinte schlicht – „ja“. Aber er begreift diese Diskussionen wohl auch als […]
In the NYT, Paul Krugman writes about the American savings rate, the liquidity trap, a powerless Fed, Macro 101, and how all that relates to your Holiday Season spending plans –
Since the NY Times closed the comments thread for this post – An interesting morning – I thought I congratulate over here… Congratulations on winning the Nobel Price in Economics!
More Krugman – Moment of Truth – NYTimes.com. “Let’s talk about where we are right now. The current crisis started with a burst housing bubble, which led to widespread mortgage defaults, and hence to large losses at many financial institutions.
With the DJIA falling below 9000 points today, it’s reassuring to know that, right? Paul Krugman, in his Blog at the NY Times reminds us that “[o]n a separate note, one good thing is that there haven’t been any reports of people on Wall Street jumping out of windows.
in the NYTimes after the US House of Representatives voted „no“ on the Wall Street bailout plan. He’s right of course, that „flip-flopping“ on issues like this in the way it happened isn’t exactly a sign of a well functioning representative democracy. On the other hand, it’s also true that this vote is a sign […]
It’s another one of those days for global stock markets. To honor the occasion, I thought about linking to one of my favorite management articles of all times…
Viel böses Blut floß aufgrund von Alice Schwarzers Entscheidung, für die Bild-Zeitung Werbung zu machen – mit dem Slogan “Jede Wahrheit braucht eine Mutige, die sie ausspricht.
Helmut Schmidt ist wahrlich kein Oskar Lafontaine. Daher ist es auch immer lesenswert – wenn auch nicht immer zustimmungspflichtig – wenn er sich in der Zeit zu Wort meldet: Wenn er, wie in diesem Falle, die gesellschaftliche Kontrolle von zur Zeit unkontrollierten Kapitalclustern fordert, dann stimme ich ihm darüber hinaus auch grundsätzlich zu – Helmut […]
Die relativen Anteile von Lohneinkommen und Gewinnen haben sich in den letzten Jahren überall in der industrialisierten Welt zugunsten der Kapitaleigner entwickelt. Globalisierung ist nur ein Grund dafür. Aber die Anzeichen – nicht zuletzt die vermehrte Berichterstattung über das Thema – für eine Trendumkehr mehren sich.
Most people stopped believing that superstars simply earn their marginal contribution to welfare. Moreover, most people believe the fact that they do usually earn more than their marginal contribution is a consequence of a specific market setup, or, simply put – a kind of „market failure“. However, John Snow, the US Treasury Secretary, when asked […]
I’ve been saying this for years – the most likely explanation for the ongoing copyright war is the socialised concept of (intellectual) property in most politicians‘ minds – it will take another generation and, liekely, as Volker Grassmuck argues below, a copyright induced knowledge-lock-up disaster until people will realise what has been done. The occasional […]
Via netzpolitik.org comes another data point proving the extent to which the right concepts in the wrong hands can create disastrous results: copyrights running wild – should there be a copyright on cooking recipes? I’m sure the next step will be the inclusion of some kind of DRM into a BigMac tying the food license […]
Spam is almost always annoying. Comment spam is the worst, because it requires additional attention, not rarely amounting to more time than it take to write a blog post. But there is also the rare instance where spam is fun or prompts reflection about its underlying social meaning, as in today’s case. „Don’t get left […]
In case you’re interested, I’ve posted a true Labour Day entry over on afoe: 21st Century Socialism.
The Economist ponders about a self-regulation mechanism adjusting the European work/leisure trade-off in favour of work. Even in lazy Germany. But it also reviews this year’s LSE Lionel Robbins Memorial Lecture by Richard Layard [pdf] who presented new insights into the hypothesis that more doesn’t always, in fact, usually, make you happier. So working more […]
Has Globalization Gone Too Far? by Dani Rodrik – A Harvard economist questions some fundamental institutionalised myths of economic reality and tells his readers to think about the fact that increasing the size of the pie may not always justify the costs of the social upheaval involved in redistributing the pieces.
The Elusive Quest for Growth: Economists‘ Adventures and Misadventures in the Tropics by William Easterly. Good Stuff. Exciting economic history of economist’s attempts to further economic growth in developing countries in the course of the last 50 years.
More and more people are getting concerned about the risk of deflationary tendencies. Not so the FT’s Tim Lee who believes that „Inflation is a bigger danger than deflation„
Quote 1: The BBC News Online today – „Jack Valenti, president of the Motion Picture Association of America, told BBC News Online earlier this year that digital piracy could become „debilitating“ for the industry. ‚Digital piracy has become a real menace,‘ he said. Despite the availability of pirate copies, The Matrix Reloaded has made more […]
For at least five years. If you search my blog you will find that I have repeatedly said that all attempts to sell musical downloads will suffer from problematic price policy. Apple’s new itunes download service is no exception. True, it is probably closer than anything previously seen to actually enhancing the user experience with […]
A neat little discussion occurring at Brad DeLong’s Semi Daily Journal, regarding the question whether Sen’s paradoxon – which basically says that it is possible to dream up utility functions which would allow liberalism and the pareto principle to be in conflict – is actually a paradoxon. And it is evolving into a real debate […]
Last year, Michael Wolf, a director in McKinseyï¿½s New York office, published an article in the WSJ (here via McKinseyQuarterly) explaing that market forces – especially a sluggish advertising market and the general trend to digital distribution – would continue to pressure media companies to merge into ever larger entities. Mr Wolf’s article was triggered […]