Post Archives from the ‘Economics’ Category



The Myth Of Market Share

Posted on: December 9th, 2011 by
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by Richard Miniter

As countless dot-coms, their VCs, and three large car companies have discovered, buying customers is a lousy business plan. Put that way, it seems intuitive, but not until Richard Miniter's short but powerful little book, The Myth of Market Share, had I seen it Continue reading the story "The Myth Of Market Share"

An Army Of Davids

Posted on: December 9th, 2011 by
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by Glenn Reynolds - Instapundit

Prof. Glenn Reynolds, that's Instapundit to you, brews his own beer, has his own record label, and writes one of the most successful blogs on the planet. All of this is possible because of the massive increase of Continue reading the story "An Army Of Davids"

The (Mis)Behavior Of Markets

Posted on: December 9th, 2011 by
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by Benoit Mandelbrot

According to Modern Portfolio Theory, the basis for most of modern stock market analysis, the crash of October 1987 shouldn't have happened in our lifetimes. In fact, it shouldn't have happened in the lifetime of the country. It should have happened, perhaps, once Continue reading the story "The (Mis)Behavior Of Markets"

The Wisdom of Crowds

Posted on: December 9th, 2011 by
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by James Surowiecki

How can a crowd correctly guess the number of beans in a jar, time after time, far more accurately than the average of the best guesser? How can all of us be smarter than the smartest of us? Especially when "all of us" Continue reading the story "The Wisdom of Crowds"

The Last Bubble

Posted on: December 9th, 2011 by
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Inventing Money: The Story of Long-Term Capital Management and the legends behind it

by Nicholas Dunbar

When Genius Failed: The Rise and Fall of Long-Term Capital Management

by Continue reading the story "The Last Bubble"

The Future And Its Enemies

Posted on: December 9th, 2011 by
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by Virginia Postrel

The Future, argues Virginia Postrel, is not static. It's not discovered, it's created. The Clinton Administration sought to capture the public imagination about the future by alluding to the grand engineering projects of the past. "Bridge to the Future." "Information Superhighway." "Stairway to Heaven." Continue reading the story "The Future And Its Enemies"