Monthly Archives: September 2015

Profiting From Refugees

It is not from the benevolence of shopkeepers that we expect life’s necessities to reach Syrian refugees, but from their regard to their own interest. This is of course an updated version of Adam Smith’s classic claim that, “It is

Profiting From Refugees

It is not from the benevolence of shopkeepers that we expect life’s necessities to reach Syrian refugees, but from their regard to their own interest. This is of course an updated version of Adam Smith’s classic claim that, “It is

Why Good People Do Bad Things (in Business)

The commentary below points out that there’s no reason to think that the “bad guys” behind corporate scandals are, in fact, bad guys. What we know about the psychology of wrongdoing suggests that there’s no reason to think that it

Why Good People Do Bad Things (in Business)

The commentary below points out that there’s no reason to think that the “bad guys” behind corporate scandals are, in fact, bad guys. What we know about the psychology of wrongdoing suggests that there’s no reason to think that it

Marketing’s Crisis of Morality?

This reflection on the evolving ethics of the advertising industry may be amusing to cynics (because it suggests that the advertising industry has, or at least had, ethics), but is actually a serious consideration of the perhaps eroding relationship between

Marketing’s Crisis of Morality?

This reflection on the evolving ethics of the advertising industry may be amusing to cynics (because it suggests that the advertising industry has, or at least had, ethics), but is actually a serious consideration of the perhaps eroding relationship between

Duke and UNC Med Schools Conspiring to Limit Faculty Salaries?

Antitrust law has an economic, but also an ethical, rationale. Economically, it is intended to promote efficiency by reducing deadweight losses (Harberger costs). Ethically, it is intended to avoid the accumulation of market power that can be used to diminish

Duke and UNC Med Schools Conspiring to Limit Faculty Salaries?

Antitrust law has an economic, but also an ethical, rationale. Economically, it is intended to promote efficiency by reducing deadweight losses (Harberger costs). Ethically, it is intended to avoid the accumulation of market power that can be used to diminish

Is Rampant Web Traffic Fraud Ruining the Internet?

Online advertising is a fascinating industry. The evolved business model calls for payments to be proportional to views and click-throughs. That creates incentives for fraud: views and click-throughs may come from real-live potential customers or they may be contrived through

Is Rampant Web Traffic Fraud Ruining the Internet?

Online advertising is a fascinating industry. The evolved business model calls for payments to be proportional to views and click-throughs. That creates incentives for fraud: views and click-throughs may come from real-live potential customers or they may be contrived through

Is Europe Inherently Anti-Entrepreneurial?

Europe lags the U.S. and Asia in venture capital and in the willingness to finance companies whose revenue prospects are postponed. Is risk aversion effectively entrepreneurship aversion, as well? What does that mean for Europeans with innovative ideas? >>> LINK:

Is Europe Inherently Anti-Entrepreneurial?

Europe lags the U.S. and Asia in venture capital and in the willingness to finance companies whose revenue prospects are postponed. Is risk aversion effectively entrepreneurship aversion, as well? What does that mean for Europeans with innovative ideas? >>> LINK:

FTC: Claim Walmart “Raise in Pay” Ad is Misleading Not Worthy of Investigation

‘Ethical’ consumerism is sometimes in tension with centuries-old common-law commercial standards. One of those standards is materiality: a misrepresentation is actionable, generally, only if it relates to a product, its features, or its attributes. Here, the complainants aren’t claiming that

FTC: Claim Walmart “Raise in Pay” Ad is Misleading Not Worthy of Investigation

‘Ethical’ consumerism is sometimes in tension with centuries-old common-law commercial standards. One of those standards is materiality: a misrepresentation is actionable, generally, only if it relates to a product, its features, or its attributes. Here, the complainants aren’t claiming that