Category: Economics
-
Brilliant exposition of how co-operation evolves in a society
Those interested in economics and crypto-economics in particular may will be fascinated by this description of how trust evolves in a society. I am familiar with the content but this is the best exposition by far. https://ncase.me/trust/
-
Should ‘stupid’ people be allowed access to their own money?
The World’s Biggest Blockchain Hackaton I went to a very interesting meeting of the London Ethereum Meet-up yesterday. It was a presentation by Odyssey the world’s biggest blockchain hackathon. Odyssey is remarkable because teams work alongside a commercial sponsor who may (and often does) choose to continue to fund their work after the event. The…
-
Trading will bankrupt you – yes, you!
Trading is like playing Russian roulette Ninety-five out of one hundred investors lose money trading. One reason for this is that like novice horse-riders they are just very bad at it. However, horse-riders can practice until they get better but traders stop because they run out of money (I know I did). So why is…
-
Finally a use for IoT
Free markets are amazing things and progress is not the result of great leaps forward but thousands of small steps that make things a little bit better. I can think of no better example of human ingenuity than this, http://www.theregister.co.uk/2018/03/02/smart_home_horse_birth_wonder/
-
Do people want fairness or equality?
The conservative Prime Minster Winston Churchill said, The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries. Winston Churchill, speech in the House of Commons (22 October 1945). The idea that equality is a good thing is now firmly established under both Labour and Conservative…
-
Brexit can make us richer
I voted remain because I think it would have improved European security but if we must leave let’s not get poorer as a result. And so read on… Marx said, “All That Is Solid Melts into Air” He was referring to how capitalism (or market economies) can reshape cities and peoples’ lives. Think of Detroit…
-
Free markets are an antidote to taste discrimination
I have previously written about the detrimental effects of rational discrimination in employment. While this makes good sense for any one employer and his employees (because no-one wants an unproductive colleague) it is damaging to every employer and employee because it reduces the number and skills of possible employees. The opposite of rational discrimination (irrational discrimination) is…
Dr James Bayley 