Well sorry to all for the two-week absence, but I'm back from being on the road and all the end-of-semester stuff the school requires. There's a myth that's pushed and carefully nurtured by corporate executives and conservatives. It's the image that "private enterprise" lives and dies by the market and that the profit motive is … Continue reading Corporate Entitlements: Music Edition
Institutions and laws matter for economic development. It is very clear from economic history that protection for property rights is necessary for industrialization and growth. But that was always about property rights in land and physical stuff. In the 1960's the phrase "intellectual property rights" was created, and many people have just assumed that protecting … Continue reading Do Copyrights Slow Growth?
From the Wall Street Journal: Bring Back the Robber Barons . I think I'll pass. I mean why stop with the robber barons? Why not go all the way back to feudalism where most workers are the personal property of some monied rich baron who's buddy-buddy with the king? From Maxine Udall (girl Economist): Bring … Continue reading Interesting and Good Stuff from This Week