Archive for the ‘Uncategorized’ Category

more or less innovative

For Uncommon Knowledge, Peter Robinson discusses whether the rate of innovation has decreased or not. His guest are PayPal founder and Stanford Professor Peter Thiel as well as Velocity Capital Management founder and journalist Andy Kessler.

Technology isn’t failing us, the government is getting in the way.

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2nd anniversary

Yesterday, this blog celebrated its second anniversary and I just like to once again thank all readers and commentators. Thousands of page views and ongoing economic discussions will provide enough incentive to continue the blog. Already, there are more than 330 posts in 77 categories with more than 200 comments.

Some readers told me that irregular posting is sometimes inconvenient. I am sorry for that but suggest to subscribe to this blog by entering your email address on the right-hand side. You will not receive any spam and you can unsubscribe any time.

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merry christmas 2012

Have a wonderful Christmas time with your loved ones.

I wish a Merry Christmas to you!

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scarcity of lifetime

The other day I watched a discussion between people who suffer from terrible diseases and are said to die soon. All of them agreed that knowing they will pass away in the near future reminded them of how precious lifetime actually is. When I watched their discussion, I recalled¬†Steve Job’s famous speech at Stanford.

As an economist one might regard death as similar to a price tag. In a market economy, prices are not chosen randomly. They transmit information about the scarcity of things. If gas prices increase, people are aware of the limited supply. They might buy a more eco-friendly car or drive less than they planned to.

With death it is very much the same. It reminds people of the scarcity of lifetime.

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