Tag Archives: markets

How to Fix the World via the Legal System

I have long since been a big fan of Edmund Burke — the “father of modern conservatism”…. He was probably far ahead of his time, but for today, I feel he is no longer far ahead of our time. What … Continue reading Continue reading

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The Theory of Competition vs. Pricing in a Seller’s Market

In a recent episode of “This Week in Startups” (TWiSt), Jason Calacanis and Molly Wood discussed Google’s business model (see, e.g. “The #Future of #Retard #Media in 4:20″ [ http://nooblogs.com/activity/p/5321/ ]). One aspect of where traditional economics does not seem very … Continue reading Continue reading

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Computers, Humans, Economics, Marketing, Logic and Psychology

Computers are machines that apply algorithms according to some sort of logic… — and in this way they function in a way quite analagous to economic theory. Humans are beings that use their brains according to psychological quirks they have … Continue reading
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Crowds revisited: How the Wisdom of the Crowds is related to the Wisdom of the Language — and also the Open Web

I usually point out how the Wisdom of the Language is different than the Wisdom of the Crowds, but it is also important to underscore how they are related. English is a global language because a lot of people can … Continue reading
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Self-Reliance 2.0

imitation is suicide Recitations are mundane — there is not one iota of life in them, there is no spark whatsoever. Truths which we hold to be self-evident need not be incessantly replayed in never-ending refrains — lest they become … Continue reading
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