Category Archives: Economics

What is heard, and what is not heard

French economist Frédéric Bastiat (1801–1850) wrote a pamphlet titled Ce qu’on voit et ce qu’on ne voit pas (What is Seen and What is Not Seen) where he demolishes the make-work fallacy in economics. When Jacques Bonhomme’s child breaks his … Continue reading

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Why do voters put up with bad politicians?

As a foreigner living in San Francisco for the last ten years, I never cease to be baffled by US voters’ tendency to vote for candidates who are clearly class warriors on the side of the rich and other influential … Continue reading

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Why I will never buy a Kindle

One of my bosses got a Kindle 2 a few months ago, and was wondering how an avowed gadget lover such as myself did not have one already. I am perfectly comfortable reading books in electronic form on the small … Continue reading

Posted in Book reviews, Economics, Soapbox, Stuff | 3 Comments

City government waste in San Francisco

A 33% hike in Muni fares was announced today. This will hit the poorest people in the city first, and to add insult to injury, this is accompanied with cuts in service. San Francisco has a budget of over $6B, … Continue reading

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Real-world organizational change

The economic crisis headlines are rife with CEOs and other executives behaving in ways contrary to the interests of shareholders. Business schools teach agency theory, an economic discipline that aims to solve the problem where an agent of principals (e.g. … Continue reading

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The Tropicana redesign: marketing genius?

One of the great things about living in the United States is the ubiquity and affordability of high-quality orange juice. A few weeks ago, while going through the aisles at Target to buy a carton of Tropicana, I couldn’t find … Continue reading

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Half the world supply of lithium lies in Bolivia

An interesting factoid. The Herald Tribune has a discussion of the geopolitics and economics involved.

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The tail wagging the dog redux

I don’t understand why the media make such a big fuss about computer companies like Apple, Dell, Gateway or now Cisco entering the consumer electronics business. Consumer electronics is a puny industry compared to IT. Just compare the market cap … Continue reading

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Vignettes from India

I have been in Bombay for a week now. Traffic snarl-ups are a reality of life here, and enterprising hawkers flog magazines to passengers caught in traffic jams. According to my wife, one of the publications they sell is “ee-keya” … Continue reading

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The benefits of standardization

In France, nuclear power plants follow a standardized design. The end result is that France gets more than 70% of its electricity from nuclear, reducing its dependence on oil or natural gas from the unsavory regimes in Russia or Algeria, … Continue reading

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