Category Archives: Economics

Cooperative Compensation

Chris Dil­low:   “Incen­tive pay” can back­fire, accord­ing to some new research. Mar­garet Lee and Ye Li at Colum­bia Uni­ver­sity got peo­ple to find as many words as they could in four min­utes from the let­ters “a d e r s t w”. Some solvers were not paid at all. Oth­ers were paid per word they …

7 March 2012 – 10:26 am | By Benjamin Daniels | Posted in Collectivism, Socialism, Communism, Economics, Wages | Comments (1)

Occupy Wall Street and Neoliberal Governmentality

Brishen Rogers (via Balkiniza­tion): First off, a big thanks to Dave Hoff­man and the Co-​​​​Op crew for hav­ing me over for the month. I’ve really, really enjoyed blog­ging, and hope to con­tinue doing so in the future. For this final post, I’d like to reflect a bit on the Occupy move­ment.  As some­one who writes about …

6 March 2012 – 3:33 pm | By Benjamin Daniels | Posted in Economics, Philosophy | Comments (0)

The AER Top 20: Cobb & Douglas (1928)

The Cobb-​​​​Douglas pro­duc­tion func­tion, which this paper intro­duced and made famous, is not really what I want to talk about at all, at least not as a func­tion of pro­duc­tion. I never took Cobb-​​​​Douglas seri­ously see­ing as in my own Macro class it was intro­duced arbi­trar­ily with­out any jus­ti­fi­ca­tion or deriva­tion other than the fact …

1 March 2012 – 12:59 pm | By Benjamin Daniels | Posted in Collectivism, Socialism, Communism, Economics, Ownership, Wages | Comments (0)