Economics and Genius

Steven Levitt:

If you want to feel like the smartest person in the room, often a good way to accomplish this is to be the only economist. Frequently, the one economist will say things that make a lot of sense that no one else would ever come up with. When I am that one . . . → Read More: Economics and Genius

A Practical Reason to Abolish IP

I’ve often criticized IP from both philosophical and utilitarian grounds, but I haven’t often addressed some of the specific benefits that would come from abolishing IP. Anyhow, here’s a story that offers a glimpse of a future without IP:

As companies compete to digitize the textbook market, there is one approach that shakes the . . . → Read More: A Practical Reason to Abolish IP

Delta Airlines Sucks And Teaches Scottevest Some Austrian Economics

What is absolutely required during an interaction with Customs? … Like muscles as you flex your rights they become stronger; so use them or lose them.

This article is mainly just some very helpful hints with some slight economic analysis. Being an entrepreneur who enjoys creating wealth and building from scratch I . . . → Read More: Delta Airlines Sucks And Teaches Scottevest Some Austrian Economics

Increasing Complexity And Violence

The transition from the Industrial Age to the Information Age is resulting in a sea change between protection and extortion. As the world gets increasingly complex the result is a diminishing ability to extort while at the same time tools of protection are getting cheaper and more powerful. The arbitrary walls are coming down.

. . . → Read More: Increasing Complexity And Violence

Information at the Speed of Knowledge

Infotopia: How Many Minds Produce Knowledge. By Cass R. Sunstein. Oxford University Press, USA, 2008. 304 pages. $15.95.

If you’re interested in how organizations and societies process knowledge or how what one individual knows diffuses through a larger social matrix, read Cass Sunstein’s Infotopia. It’s not perfect, but it does a fine job of . . . → Read More: Information at the Speed of Knowledge