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Tag: Economics

Monkey Business

April 11, 2018 0 Comments
Monkey Business

Capuchin Economics: M. Keith Chen (now at UCLA) studied the economic activity of Capuchin and Tamarin monkeys. What I find fascinating is that he first taught the monkeys how to use money (in this case, metal washers) to trade. It took a while, but they learned the value of money for trading. They learned to […]

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The Regulation “We Deserve.”

April 22, 2015 0 Comments
The Regulation “We Deserve.”

Yesterday I had lunch with a good friend and colleague. We had a wide ranging discussion as usual, including talking about the water situation here in Southern California. Recently a court ruling found that a small town’s water district here in SoCal did not calculate their rates properly. I suspect the Water District knew that, but […]

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Your Job Is Going Away

February 5, 2014
Your Job Is Going Away

I’m not talking just about the hourly job, I’m talking about all jobs. They are going away. The exit pace is increasing. Inexorably. Jobs will either actually go away (as in no longer needed) or they will change so appreciably as to not be recognizable as the same job. From now on, you (we), will […]

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Book Review: The Next Convergence by Michael Spence

September 5, 2011
Book Review: The Next Convergence by Michael Spence

One of the small joys I have in life is to attend seminars and lectures that not only inform but allow me to meet the people doing the research and forming the theories. Michael Spence, winner of the Nobel Prize in Economics, spoke at a Drucker Forum recently and I was able to attend. He […]

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Okay, but what are you going to do that’s different?

January 7, 2010
Okay, but what are you going to do that’s different?

This article is a discussion of what we might do to ensure that we are do things differently in the coming decade.

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The small business dilemma

November 5, 2009
The small business dilemma

Well, the President has been “jawboning” the banks to lend to small businesses. Is that really what small businesses need, more debt? Maybe — money is cheap but . . . where are the sales? Why take on debt if increased revenues will not be realized? Several posts on this blog, and the ELC newsletter, […]

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Book Review: Freakonomics by Steven D. Levitt and Stephen J. Dubner

November 29, 2005
Book Review: Freakonomics by Steven D. Levitt and Stephen J. Dubner

This book is simply astounding. Some of the conventional wisdom and old standby principles to live by are either totally shattered or are at least called into question by this very challenging book. Once I started reading Freakonomics, I found it difficult to put down. Not only is it written in a casual style that […]

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