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A Response to Robert Locke

Robert: I read with interest your comments. I agree in many ways, and with JC Spender’s follow-up. Economics is intensely introspective. It exists within its own world, and were that all no one would care much about its oddities. But that is not the case. Economics plays a crucial role in shaping our lives via […]

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Five Years Already

Amazing. It’s roughly five years since the economy tanked, since Lehmann folded, and since we began to discuss the worth or otherwise of bailouts. Five long years. Five fairly rotten years. In that time we have been stuck in more ways than one. First: economic policy has been somewhere between pathetic and horrible. The Obama […]

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The Firm – A Note To Myself – Part Bibliography

Armen Alchian Harold Demsetz “Production, Information Costs, and Economic Organization” AER, ?? Armen Alchian “Uncertainty, Evolution, and Economic theory”, Journal of Political Economy, 58, 1950, pp. 211 – 221 Sharon Alvarez Jay Barney “The Entrepreneurial Theory of the Firm”, Journal of Management Studies, 44, 2007, pp 1057 – 1063 Ash Amin Patrick Cohendet “Architectures of […]

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