Category Archives: Economics and public policy

Surprises of the Internet

With the Internet being a regular feature of our leaves for about 20 years now, what have been the related developments that were hard to pick at the outset, what are the lessons? Five thoughts: Communication and personal expression is … Continue reading

Posted in Best From Elsewhere, Business, Cultural Critique, Economics and public policy, Geeky Musings, History, Information, Innovation, IT and Internet, Libertarian Musings, Miscellaneous, Philosophy, Political theory, Public and Private Goods, Science | 9 Comments

Social middleware: another installment – another app

In an earlier post I argued the case for the ‘middleware of democracy’ arguing for the inculcation of the (largely social) skills that help constitute collective intelligence. Skills like having some small inkling of how ignorant we all are, listening to … Continue reading

Posted in Cultural Critique, Economics and public policy, Education, Philosophy | 4 Comments

Another one for the robots: they’re better at hiring low skill workers

Discretion in Hiring by Mitchell Hoffman, Lisa B. Kahn, Danielle Li – #21709 (LS) Who should make hiring decisions? We propose an empirical test for assessing whether firms should rely on hard metrics such as job test scores or grant managers discretion … Continue reading

Posted in Economics and public policy | 5 Comments

Alfred Marshall: Founding theorist of Corporate Social Responsibility/Shared Value and social enterprise

Who knew that Alfred Marshall published an essay entitled “The Social Possibilities of Economic Chivalry” (1907) (pdf)? I didn’t until I came upon it the other day. Having now read it, it’s thoroughly Marshallian – very much of a piece with his dissenting … Continue reading

Posted in Economics and public policy, Education, Ethics, Innovation | 1 Comment

The Economic Costs of Organised Crime

I examine the post-war economic development of two regions in southern Italy exposed to mafia activity after the 1970s and apply synthetic control methods to estimate their economic performance in the absence of organised crime. The comparison of actual and … Continue reading

Posted in Economics and public policy, Law | 1 Comment

New factoids feed the prejudices SHOCK! And a story . . .

When we know so little, it’s incumbent on us all to show a little applied humility to interpreting the recent and much celebrated and punditised results about rising mortality amongst American whites. But I will at least say this. The … Continue reading

Posted in Economics and public policy, Ethics | 16 Comments

The costs of social breakdown, anomie, despair?

Who knows what’s driving these graphs, but it’s quite a piece of work for the latest Nobel laureate to drop into our consciousness. The paper’s here.

Posted in Economics and public policy | 50 Comments