Aftershock Irony

I’m reading Aftershock the very good new book by Philippe Legrain. It address the question of what will happen next now that the immediate crisis caused by the housing bubble in the US and the U... Read More

Diseconomies of Scale

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We know about economies of scale from Adam Smith and the famous pin factory.  As you make more of something the per unit cost goes down. But when an organization get past the optimum size dis-economi... Read More

The Goose Indicator

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Here is a proposal for an economic indicator to consider. When geese are running wild around residential neighborhoods the economy is okay.  If they start to vanish it is a sign of a serious recessio... Read More