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Entries Tagged as 'Economics'

On the Enforcement Fantasy

January 25th, 2012 · 13 Comments

This is probably the least interesting (because it should be so self-evident) and yet most important paragraph in a must-read Cory Doctorow essay: In short, [proponents of more aggressive copyright enforcement] made unrealistic demands on reality and reality did not oblige them. Copying only got easier following the passage of these laws—copying will only ever [...]

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Tags: Art & Culture · Economics · Law · Tech and Tech Policy

No Logo: Brands and Chains in the Age of Mobile Internet

October 6th, 2011 · 18 Comments

It’s no coincidence that the rise of the American chain restaurant coincides pretty neatly with the automobile’s shift from an aristocratic toy to a mass means of transportation.  As society grew more mobile, a novel problem arose: As you found yourself routinely passing through areas you didn’t know intimately, how could you know where to [...]

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Tags: Art & Culture · Economics · Sociology · Tech and Tech Policy

“Hypocrisy” and Government Largesse (A One-Act Play)

September 23rd, 2011 · 8 Comments

Scene: Friday evening, 9 p.m., a group of friends are gathered around a living room table for poker night. Harry: OK, folks, snack time. I’m thinking we should order a couple pies from that new gourmet pizza place. Darrell: What, Mama Solyndra’s? That place is so overpriced! Let’s just go with some chips and salsa [...]

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Tags: Economics · Horse Race Politics · Journalism & the Media

Quick Thought on the Netflix Split

September 19th, 2011 · 9 Comments

As the Internet scratches its Hydra-head over Netflix’s announcement that it’s splitting off its DVD-by-mail rental service under the unlovely heading of “Qwikster,” Tim Lee tweets that Bill Gurley’s speculation is the most plausible explanation he’s seen for a move consumers seem to be universally panning: So here is what I think happened with Netflix’s [...]

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Tags: Art & Culture · Economics

When Are Patents Obvious?

August 15th, 2011 · 19 Comments

I recently did a diavlog with my friend Tim Lee on the new BloggingHeads spinoff site TechHeads, during which I had a thought that seems like it might be worth spinning out. We’re all accustomed to seeing horror stories about ludicrously broad, bad technology patents that have given rise to a wasteful arms race between [...]

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Tags: Economics · Law · Tech and Tech Policy

Good Defensive Patents Are Bad Patents

July 28th, 2011 · 28 Comments

Ron Bailey writes about last weekend’s excellent Planet Money story “When Patents Attack,” which focuses on the enormous market in “defensive” patents, purchased as a kind of retaliatory hedge against lawsuits from other technology companies: In early July, the bankrupt tech company Nortel put its 6,000 patents up for auction as part of a liquidation. [...]

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Tags: Economics · Law · Tech and Tech Policy

Madman Theory 2.0

July 28th, 2011 · 5 Comments

Is it ever an advantage to be crazy? Or at least, to be perceived as crazy? Richard Nixon thought so: During the cold war, he notoriously developed his “madman theory,” a stratagem of having senior aides circulate their “concerns” that Nixon had gone unhinged, and might just hit that big red button if provoked, even [...]

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Tags: Economics · Horse Race Politics

The Teleporter Library: A Copyright Thought Experiment

July 11th, 2011 · 20 Comments

Suppose that, back in the 70s, DARPA had developed two revolutionary networks. In addition to the precursor to the Internet we all know and love, they had also developed a teleportation network enabling small, inorganic objects to be instantly transmitted via miniature wormholes from any point on the network to any other point. The effect [...]

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Tags: Art & Culture · Economics · Law

Time, Love, and Taxes

June 29th, 2011 · 19 Comments

Notwithstanding the stereotype that libertarians care about little other than low taxes, I don’t write much about tax policy. But I was reflecting today on Nozick’s coyly Marx-inflected comparison of taxation to compulsory or stolen labor—which however overblown as rhetoric got me thinking about how different types of people might respond to the same tax [...]

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Tags: Economics

Werner Heisenberg, Economist

March 18th, 2011 · 8 Comments

Interesting passing observation from Yglesias: [F]or all the horrors of the current recession it’s been managed much better than the Great Depression of the 1930s was. Progress is happening. The only way to make more rapid progress on the science of macroeconomic stabilization would be to have many more recessions so as to gather better [...]

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Tags: Economics · General Philosophy