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ISNIE 2013

posted to Organizations and Markets on Sat 15th Jun 13

| Peter Klein |ISNIE is holding its annual conference next week in Florence. I hope to see many O&Mers there. Eric Maskin and Samuel Bowles are keynoting, and there are special tracks or sessions to honor Elinor Ostrom(who passed away last year) and Oliver
Do Prices Determine Vertical Integration?

posted to Organizations and Markets on Fri 7th Jun 13

| Dick Langlois |The title of this paper, by Laura Alfaro, Paola Conconi, Harald Fadinger, and Andrew F. Newman, caught my eye. Then the abstract really caught my attention.What is the relationship between product prices and vertical integration? While the
Advice to Journal Editors

posted to Organizations and Markets on Thu 6th Jun 13

| Peter Klein |The Story of French, a fun and interesting history of the French language byJean-Benoit Nadeau and Julie Barlow, offers a number of valuable insights for writers and editors. Aspiring journal editors could learn fromFranois de Malherbe (15551628),

Does Macroeconomic Theory Influence Macroeconomic Policy?

posted to Organizations and Markets on Tue 30th Jun 09

| Peter Klein |Not really, according to John Wood’s History of Macroeconomic Policy in the United States (Routledge, 2008). As David Wheelock notes in his EH.Net review:Wood argues that U.S. fiscal and monetary policy have been remarkably consistent over
Why They Heart Keynes

posted to Organizations and Markets on Wed 11th Mar 09

| Peter Klein |Luigi Zingales rides the Straight Talk Express (via Casey Mulligan):Keynesianism has conquered the hearts and minds of politicians and ordinary people alike because it provides a theoretical justification for irresponsible behavior. Medical science
Market Design

posted to Organizations and Markets on Mon 15th Oct 12

| Peter Klein |A few quick thoughts on today’s Nobel Prize announcement. More later, once better informed people, from whom we can steal ideas, have weighed in.Market design is basically the study of exchange without prices. As most of economics deals

At Least He Spelled Fogel Correctly

posted to Mises Economics Blog on Sat 15th Jun 13

Nicholas Wapshott is the British journalist who produced 2011′s Keynes-Hayek: The Clash that Defined ModernEconomics, an entertaining but ephemeral tale of Cambridge in the 1930s(here is John Cochran’s less-than-flattering review). Wapshott sees
Pauls World

posted to Mises Economics Blog on Thu 16th May 13

Line of the day, from Michael Kinsley: “Krugman sometimes writes as if, right or wrong, his view is the courageous one, held by folks willing to stand up to the plutocrats and their lackies. But his message to all classes is: party on.”I also the
Entrepreneurial Opportunities Redux

posted to Conglomerate on Mon 25th Feb 13

In writing Law and Entrepreneurial Opportunities(with Darian Ibrahim),I immersed myself in the entrepreneurship literature on opportunities. Some of that literature didn't seem to have much relevance to my project -- management scholars and legal scholars are