Monthly Archives: January 2012

Profitability as a Policy Problem


    I thought that I had come up with a radical idea (for me, anyway) but discovered subsequently that I had merely rediscovered fire.  Actually, I found that my little idea's intellectual genesis lay in an obscure political philosophy called ordoliberalism. So while I can't claim discovery of a new idea, I can at […]

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All Significance is Local: Meet the NSE


  Recently, the Economist published a series of excellent articles on the growth, variety, and shortcomings of state-owned enterprises (SOEs). Given the source, it's no surprise that the critiques played strongly on the idea that government preferences and policies skewed the direction of the animal spirits behind capitalism and yielded a suboptimal result.  Feeling somewhat cognitively […]

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