Evidence Of Intent
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Singaporean SWFs - Biggest in the World
via Evidence of Intent by admin on April 10, 2008
After seeingNYT: The New Global Wealth Machine and WSJ: SWFs May Not Be as Rich as They LookI am now convinced that Singapore has the biggest SWFs in the world.
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The Political Economy of Power
via Evidence of Intent by Chiao on April 27, 2008
Econtalk PodcastFascinating podcast about the incentives of leaders. Main thesis: institutional constraints select for and strongly define leadership behavior.Each leader is faced with the same problem - that of staying in power, usually accomplished by gifting the “selectorate” with resources gained from taxation. When this group is small, dictatorship results, and when this group is large,...
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When Competition is Harmful
via Evidence of Intent by Chiao on May 10, 2008
After listening to this podcast and reading the associated article, I think I finally understand the difference between political and free market competition. The issue clarified was rent seeking, both how it is defined and why it is harmful. Robert Tollison, an American economist who specializes in public choice theory (wikipedia):Rent seeking is the expenditure of scarce resources to capture an...
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Who’s Your City and Paternalism
via Evidence of Intent by Chiao on May 16, 2008
Authors@GoogleRichard Florida quotes Scott Page (The Difference) on the causes of innovation (paraphrased by me):If you want to know where innovation comes from, you have to understand cognitive diversity - cognitive diversity is critical for innovation. And an easy route to cognitive diversity is through demographic diversity - diversity in ethnicity, nationality, place of birth, gender, sexual...
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Economic Incentives and Economic Growth
via Evidence of Intent by Chiao on May 17, 2008
NYT: High-Tech Japanese, Running Out of EngineersIt was engineering prowess that lifted this nation from postwar defeat to economic superpower. But according to educators, executives and young Japanese themselves, the young here are behaving more like Americans: choosing better-paying fields like finance and medicine, or more purely creative careers, like the arts, rather than following their...
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International Capital Movements
via Evidence of Intent by Chiao on May 27, 2008
... seeking high profits from reducing disequilibria between the wages and the relative productivity of labor has simply not happened. Instead, the principal thing that happened was an enormous flow of capital from the periphery to the poor……The attraction is that the core—especially the United States—offers a form of protection for capital against unanticipated political disturbances. Si...
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Intellectual Rigor
via Evidence of Intent by Chiao on May 30, 2008
This is a work in progress. Suggestions are welcome. I am aiming for something amenable to Chinese translation.—A mathematician, a physicist, and an engineer are riding a train through Scotland.The engineer looks out the window, sees a black sheep, and exclaims, “Hey! The sheep in Scotland are black!”The physicist looks out the window and corrects the engineer, “Strictly speaking, all we...
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My Misuse of Darwinian Evolution
via Evidence of Intent by Chiao on July 04, 2008
Overcoming Bias: No Evolutions for Corporations or NanodevicesI have made a serious conceptual mistake, adopting darwinian evolution as the default explanation for almost any generational process for the past ten years. The requirements for darwinian evolution to be effective, as enumerated by Eliezer:Entities that replicateSubstantial variation in their characteristicsSubstantial variation in...
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