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Economics

The Long View 2009-03-27: The Government of Exotic Space

The Long View 2009-03-27: The Government of Exotic Space

John J. Reilly continues to offer up bon mots. Here is John sounding a bit like Patrick McKenzie on cryptocurrencies: The space in which the financial system functions is not physical but mathematical. The various markets are an ensemble of virtual spaces, some of which have grown larger and more

The Long View 2009-03-13

The Long View 2009-03-13

From the "line go up" point of view of simply looking at stock prices since 2009, it could be easy to forget how much heartache there really was in 2008/2009. Which is a very good reason to take all such assertions, historical or contemporary, under due consideration,

WBH Weekly Digest 2023-10-27: Leigh Brackett and Edmond Hamilton

WBH Weekly Digest 2023-10-27: Leigh Brackett and Edmond Hamilton

Time manages to get away from me these days, but I submitted a book review for publication in a magazine and I wrote another one for Starship Grifters this week, so let's keep things rolling with a selection of the Internet's finest links. This interview with

WBH Weekly Digest 2023-10-20: Folk Americana

WBH Weekly Digest 2023-10-20: Folk Americana

Over the Garden Wall is akin to Dante's Divine Comedy, but told through natively American imagery. I'll be showing this to my kids tonight. Friend of the blog Alexander Palacio has written several excellent threads on the Lord of the Rings, which you can find through

Klein organizations

Klein organizations

In a Weekly Digest in April, I posted a link to Explaining Tech's Notion of Talent Scarcity. In my head, I implicitly linked this to Burton Klein's classification of firms: Type 1: “Happy warrior rationality” is associated with ideological outbreeding and is commonly employed in making

The Long View 2009-02-07

The Long View 2009-02-07

This mention by John J. Reilly of his work for West Publishing Company spurred me to archive John's CV from his website. It is easy even for me to forget how many things John wrote in the 1990s. There are even a few pieces referenced in that CV

The Long View 2009-01-31: Soros; Inflation; Rust Belts; Reality

John J. Reilly offers us this view from early 2009 about the economic conditions that would later spawn movements like Occupy Wall Street. John was often critical of the unthinking pursuit of corporate profits in ways that undermined public order, a tendency he called “capital gains zombies”, and something Brian