Category Archives: Clippings

Literature: fantasy vs. realism

…judged by the standards of fantasy, modernist realist fiction, with its narrow focus on daily details of contemporary human affairs, is suffocating and unimaginative, almost unavoidably trivial, and ominously anthropocentric. (Ursula K. Le Guin, The Critics, the Monsters, and the Fantasists)

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Size doesn’t matter; age does

John Haltiwanger, Ron S. Jarmin, and Javier Miranda, “Who Creates Jobs? Small versus Large versus Young”, The Review of Economics and Statistics, May 2013, Vol. 95, No. 2, Pages 347-361. Abstract The view that small businesses create the most jobs remains appealing … Continue reading

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The top 15 cities for tech startups

From Infoworld: The National Venture Capital Association (NVCA) list measures overall venture capital investment in each respective market to compile its data.

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How much connectivity is too much?

From InfoWorld: Researchers: Having too many connections weakens networks By Joab Jackson When it comes to connecting networks or other systems together, it is best to have many, but not too many, connections, mathematicians have found. Administrators and network engineers … Continue reading

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Social Security: a view from the past

Paul Krugman writes: …in discussions of Social Security it’s often argued that in the program’s early years, nobody could have imagined the increases in life expectancy that have actually occurred, so nobody could have imagined that we’d have as many … Continue reading

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Paul Krugman on income and longevity

Paul Krugman writes: I’ve referenced this before, but here’s the Social Security Administration study. Look at Table 4: since 1977, the life expectancy of male workers retiring at age 65 has risen 6 years in the top half of the … Continue reading

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Smart Grid in China

From Institutional Investor: Investors Want to Plug Into China’s Smart-Grid Market 01 Apr 2010 Xiang Ji Beijing’s massive conversion to a smart power grid could just one-up the rest of the world. Savvy entrepreneurs and investors are looking to get … Continue reading

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Paul Krugman on the problems of common currency

The pain in Spain… …isn’t hard to explain. Spain was basically Florida, with a housing bubble inflated by both resident and holiday purchases, and now the bubble has burst. But Spain is in worse shape than Florida, for two reasons … Continue reading

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A dispatch from Turkey

From Institutional Investor: Turkey’s Military Pension Fund Reaps Windfall Jonathan Kandell 08 Jan 2009 Despite tensions between Turkey’s generals and the moderate Islamic government, OYAK, the military pension fund, has made the most of the country’s pro-business policies. For emerging-markets … Continue reading

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Eugene Fama should know better

Brad DeLong blasts Eugene Fama for his manifest failure to understand the investment-savings identity: Fama… thinks that “investment” means “growth in the value of the capital stock.” He simply does not understand what the NIPA investment concept is, or that … Continue reading

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