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July 10, 2002 Consumer to Microsoft: Trust This! - By Arnold Kling If Microsoft's "trustworthy computing" is going to get anywhere, I think Microsoft is going to have to take some small steps to gain consumers' trust, rather than rely on a radical Hail Mary play. An June 21, 2002 Is Blogging a Fad? - By Arnold Kling I sketch a simple model in which blogging is an efficient way to disseminate information. This model has implications for how blogs might be used and how they might be paid for. May 30, 2002 Corporate Profits: New Economy or Same-old Same-old? - By Arnold Kling If we can assume that nominal GDP will grow at about 6 percent per year on average for the next several years, then corporate profits probably will grow at the same rate. There is no basis to expect a "new economy" effect.Keeping Up With the Cloneses - By Arnold Kling Genetic engineering could create a competitive environment for parents attempting to enhance their children. This is an unusual instance where an economist has some discomfort with the competitive process. May 16, 2002 Stock Options, Start-ups, and Venture Capital - By Arnold Kling In the start-up sector, stock options enable venture capitalists to confuse entrepreneurs so that they willingly give up a larger share of their companies. April 4, 2002 Creation vs. Distribution in the Front-Loaded Economy: Information Wants to be Free, but People Still Need to Get Paid - By Arnold Kling In today's economy, value is being created by undertaking research and development. This in turn leads to solutions that cost relatively little in terms of traditional factors of production. Incentives are needed in order to promote research and development. However, if marginal efficiency were the over-riding consideration, goods and services would be free or nearly so. Thus, we have the paradox that (the distribution of) information wants to be free, but people who engage in research and creation need to get paid. New economic arrangements, including broad-based clubs and research prizes, need to be developed. Copyright 2002 Corante. All rights reserved. Terms of use |
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