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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The 2 Revolutions that Must Happen for Developed Economies to Remain Competitive in a Global Market Characterized by Globalization 2.0

There are 2 revolutions that must happen in order for most developed economies to remain competitive in the global economy which has already begun to reorganize in a globalization 2.0 fashion. Here, I will simply name the 2 revolutions that … Continue reading
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The Liquidity of Information

In financial markets, information often travels very quickly and can have momentous repercussions. Market volatility can lead to a extreme price fluctuations in a matter of minutes (just look at the price fluctuations in the exchange rate between “bitcoin” and … Continue reading
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To Do the Right Thing Means to Offer Solutions to Problems that are Simple, Direct, Quick and Easy

This can be summed up in 3 words: Less is more! Do you remember the days when Google lived by this golden rule? It’s hard, because today Google is offering so many different things, I am already waiting for them … Continue reading
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Sometime the Laws of Economics are not a feature — sometimes they’re a bug

There are many behaviors that actually benefit no one, but there are nonetheless incentives for people to engage in them. For example: When I was a teenager, many kids would drive around in cars with “no particular place to go”. … Continue reading
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Pioneers, Revolutionaries, Contrarians and Consumers

I had a couple pretty bad days this week — one day was especially bad (I was crushed), and the the rest of the week was a very gradual improvement… to the point that I almost feel like I am … Continue reading
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