A Patently Good Idea

From Gigaom:

A U.S. judge yesterday threw aside a much-anticipated trial between Apple and Google-owned Motorola Mobility over smartphone patents. The decision and a blog comment by the same judge could prove to be a watershed moment for a U.S. patent system that has spiraled out of control.

In his remarkable ruling, U.S. Circuit . . . → Read More: A Patently Good Idea

The progress of steel

So here is a conversation I have been having lately that confuses me.  Lots of folks locally really think there has been a big surge in the steel industry recently right here in the Pittsburgh region. It really is a strong belief by some that hiring and employment are way up in the . . . → Read More: The progress of steel

Is building and running the IIT JEE a public goods problem?

What should government do?

In the question “What should government do?”, economists have one big answer “do the public goods”. A public good is something that is non-rival (the consumption by one does not come at the cost of consumption by another) and non-excludable (it is not possible to exclude someone from benefiting from . . . → Read More: Is building and running the IIT JEE a public goods problem?

Economic Events on June 12, 2012

At 7:30 AM Eastern time, the NFIB Small Business Optimism Index for May will be released, providing information regarding the health and confidence of small businesses in the United States.  The consensus is that the index is at a level of 94.2, which is 0.3 points lower than the previous month’s value.

At 7:45 . . . → Read More: Economic Events on June 12, 2012