Category Archives: Market inefficiencies

Are Economists Blocking Progress on Climate Change?

As they so often do, by promoting unrealisitc models, economists have become part of problem rather than the solution.

FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon

The authorities have come to realize that monopolists like Google and Amazon aren’t good for the health of the economy or even (despite their tech sheen) “innovation”.

The Intergenerational Effects of a Large Wealth Shock: Evidence from the US Civil War

The US Civil War did not do lasting damage to the economic position of wealthy slaveholding famiies.

Hubert Horan: Can Uber Ever Deliver? Part Twenty: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?

A post-mortem of the Uber and Lyft IPOs.

Antitrust in American History: Law, Institutions, and Economic Performance

The Chicago School’s weakening of antitrust law hurt the economy

Promotions and the Peter Principle

The Peter Principle lives!

Report: Going 100% Renewable Power Means a Lot of Dirty Mining

Looking at some of the non-CO2 costs of increasing renewable energy production and distribution.

Warren’s Antitrust Proposal: Should We Break Up Big Tech, or Just Regulate It Better?

While it is gratifying to see Senator and presidential contender Elizabeth Warren focusing on antitrust and the abuse of monopoly power, her $25 billlion fix looks too simplistic.

Have We Already Passed World Peak Oil and World Peak Coal?

Gail Tverberg extends her peak oil analysis to coal and finds a similar pattern.

Don’t “Buyback” Fair Labor Standards

Why the Schumer/Sanders bill on stock buybacks isn’t a very good instrument for improving labor rights and work standards.

How Imperfect Knowledge Shapes Financial Markets

A discussion of various theories of how financial markets set prices.

How the Peak Oil Story Could Be “Close,” But Not Quite Right

An in-depth look at the “peak oil” thesis and how well its predictions are playing out.

Marshall Auerback: In Antitrust, Size Isn’t Everything

Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.