LIU econ professor Panos Mourdoukoutas thinks Amazon should replace public libraries to save taxpayers money. He’s wrong, and his essay is poorly reasoned and an embarrassment to economists everywhere.
I haven’t written about the economics of information recently. A Financial Times blog post blaming Facebook and Google for the election has changed that.
Facebook wants to be the Interent, ie, the only place you need to go online. To that end, The New York Times — and a few other news organizations — is getting ready to test Facebook as a delivery platform for its content. There are many reasons why this is a bad idea in the […]
There’s a meme floating around Facebook this week. It features this “trickle up” economics quote from Will Rogers: The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people […]
Obama’s decision to wade into the net neutrality debate highlights how politicians can no longer simply avoid telecom, broadcast, and Internet issues by claiming that the matter is solely for regulators to determine. Policy issues such as net neutrality and Internet regulation have profound importance for millions and we should not be content to leave […]
Update: My letter to the FCC You may have noticed a spinning-wheel-of-death atop your browser last week while visiting Etsy, Kickstarter, Netflix, Reddit, Tumbler or any number of sites around the Internet. The web site owners were raising awareness of something known as network neutrality (which should really be called network discrimination). Comments on an […]