The millennial survival and dominance of patrimonial firms.
Archive for the ‘Economics’ Category
An interesting, but probably not immortal, Bacon sold for $142 million at auction yesterday. Note that it’s a tryptych, which might (depending on the droit d’integrité laws in effect where it winds up), be broken up and treated as three paintings, so maybe this wasn’t the high point being proclaimed: asterisk in the record books. […]
Glenn and I recently chatted about behavioral economics: its strengths and its limitations as a guide for public policy in health, development, and poverty policy. I start by trying to explain what behavioral economics actually is. As a bonus feature, I provide a disgusting oozing eyeball example.
Five years ago today, Lehman Brothers filed for bankruptcy. In contemplation of what followed, today’s Quote of the Day comes from a speech delivered a little over five years earlier: Macroeconomics was born as a distinct field in the 1940’s, as a part of the intellectual response to the Great Depression. The term then referred […]
Small countries, like small schools, and better and worse
If the Tea Party forces default on U.S. debt, the U.K. is one of many nations whose economy will be badly damaged
Applying behavioral insights to choice architecture is an obviously good idea; the only question is how big the effects can be in various domains. But the obscurantism and unreasoning government-hatred on the Right blinds even libertarians to the virtues of an approach they ought to love.
A small upmarket chocolate-maker brings quality labs to cacao bean producers.
Following Harold Pollack’s fine series of discussions about money management with Helaine Olen, here is another useful tidbit, which I was happy to see that the FT put on the front page yesterday. Reporters Dan McCrum and Arash Massoudi analyzed all the investment advice given out at one of those high-priced “meet the gurus” event. […]