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EP: That makes sense. It's interesting you say that about CEO's vs. middle managers, because I would almost make the opposite argument. There is clearly a case to be made that good CEO's are even more valuable than ever before. I agree that this is not necessarily a technological case.... Continue reading
Posted Aug 20, 2013 at Nerdversations
Me: Blogworthy response.Thanks. I read the suggested posts as well. The EPI post does a pretty good job of refuting the "skill based technological change" excuse that I've seen used as an explanation for the departure of top wages for the stratosphere. Having experienced my fair share of 1 finger... Continue reading
Posted Aug 15, 2013 at Nerdversations
EP: This article is probably pertinent: This is somewhat related, but this guy vocalizes one other reason I'd like a shitload of $$: Steve Randy Waldman doesn't post a lot but he is pretty interesting I believe he nearly completed a PhD in econ, and then became some... Continue reading
Posted Aug 13, 2013 at Nerdversations
Me: I just thought this and wondered if you had any response: Of all of the basic misunderstandings that people have with regard to economic theory I think the most damaging one is the idea that capitalism = meritocracy. This is the fundamental precept of political thought that accounts for... Continue reading
Posted Aug 12, 2013 at Nerdversations
Matt young I think that the problem is still predominantly a rhetorical one and only partly a problem with democratic institutions. People with means are winning the rhetorical war. Conservative rhetoric is has a much easier time succeeding because we live in an era of bad education and factional sources of truth. Traditional conservative arguments (as laid out brilliantly by A.O. Hirschman) focus on the futility of reform and the supposed law of [bad] unintended consequences. The continuing success of these weak arguments is encouraged both by factionalism and by a dogged scientism in their opponents. While caution in presentation of social science data, and careful cost benefit analysis in policymaking certainly have their place, that place is not politics. The problem with liberals and moderates is that they actually take the claims made by relatively unbiased economists seriously. So paralysis and factionalization kills the liberal narrative (which is the best, albeit equally unsteady, retort that liberals have when advocating for progressive reforms.) Big reforms stall and the democratic ground game (i.e. incremental reform), because it is truly a party that represents a big tent of interests, is basically non-existent.
Toggle Commented Aug 8, 2013 on Symposium: The Top 1 Percent at Economist's View
1 reply
whoah. Bril little brother. Tight writing. Short sharp sentences, the way they ought to be. And feels real. What are you going to do with it? Probably a couple of lit. magazines at [college]. Not that getting published matters so much but it will make mom jealous. [All a response... Continue reading
Posted Aug 8, 2013 at Nerdversations
Me: My historical perspective on the computer revolution is that it pails in comparison to the industrial revolution. The industrial revolution took a long time to take place (its really two industrial revolutions the one between 1750 and the 1830s and the second Henry ford industrial revolution). Almost immediately after... Continue reading
Posted Aug 7, 2013 at Nerdversations
Me: A tech startup boosterism story about a new start-up that promises to bring to algorithmic trading to the masses. Thoughts? Eric: It will never work or gain wide adoption. It could help a few extra stat/math guys that don't know anything about finance but it's not like there's millions... Continue reading
Posted Aug 6, 2013 at Nerdversations
LMJK added a favorite at Seth's Blog
Aug 6, 2013
I've been curious about EP's take on start up culture for a while, he's both a finance professional and a pretty avid programmer, so I sent him a single line email, "Start-up culture bullshit or complete and utter bullshit?" He answered my question and responded to my previous meandering post... Continue reading
Posted Aug 6, 2013 at Nerdversations
So my youngest brother sent me this amazing short story he wrote. Kind of out of the blue. He's nearly ten years younger than me, and he's about to start his first year of undergraduate. The story started another conversation. So far we've been talking about films, our family (a... Continue reading
Posted Aug 5, 2013 at Nerdversations
LMJK is now following Seth Godin
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Aug 5, 2013
What does history have to say about the modern condition? A lot it turns out. Continue reading
Posted Aug 4, 2013 at Nerdversations
The email that became the idea that started a blog. Continue reading
Posted Aug 3, 2013 at Nerdversations
LMJK is now following The Typepad Team
Aug 1, 2013