• Computers in Higher Education, 1960s Edition

    Updated: 2012-02-28 16:59:07
    | Peter Klein | An illuminating passage from James Ridgeway’s 1968 book The Closed Corporation: American Universities in Crisis, a scathing critique of  the university-military-industrial complex. Note the cameo by Jim March: [University of California officials Ralph W.] Gerard and [R. Dan] Tschirgi are computer fetishists who insist information is knowledge, and that the function of a [...]

  • Evil Tw-Lin

    Updated: 2012-02-27 20:45:39
    | Peter Klein | Jeremy Freese to his fellow sociologists: Jeremy Lin’s favorite course at Harvard was Sociology 128: Methods of Social Science Research. Nevertheless, he majored in economics, so your department cannot staple his face to its “What Can You Do With A Sociology Major?” poster. (If you don’t get the headline, ask the [...]

  • Zenger, Felin, and Bigelow on “Theories of the Firm-Market Boundary”

    Updated: 2012-02-24 10:36:10
    | Peter Klein | Here’s a nice review and synthesis of “Theories of the Firm-Market Boundary” by Todd Zenger, Teppo Felin, and Lyda Bigelow, just out in the Academy of Management Annals. A central role of the entrepreneur-manager is assembling a strategic bundle of complementary assets and activities, either existing or foreseen, which when combined [...]

  • Hoisted from the Comments: Journal Impact Factors

    Updated: 2012-02-19 15:05:53
    | Peter Klein | An old post of Nicolai’s on journal impact factors is still attracting attention. Two recent comments are reproduced here so they don’t get buried in the comments. Bruce writes: There is an interesting paper by Joel Baum on this, “Free Riding on Power Laws: Questioning the Validity of the Impact Factor as a [...]

  • New ebooks — Knowledge on the Cheap

    Updated: 2012-02-14 16:45:59
    | Peter Klein | Google’s ebookstore now contains deeply discounted versions of several Edward Elgar books (which are usually priced for library use), including my Elgar Companion to Transaction Cost Economics ($48) and the Foss-Klein product Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization ($31.20). Nicolai’s greatest hits collection Knowledge, Economic Organization, and Property [...]

  • Gentle Ben

    Updated: 2012-02-13 22:29:07
    | Peter Klein | I don’t think of Ben Bernanke’s approach to monetary policy as soft, passive, or restrained, but of course my optimal monetary policy is no monetary policy. Laurence Ball thinks that Bernanke’s actions after 2008 were surprisingly cautious, compared to what Bernanke advocated as an academic and Fed Governor in the early [...]

  • Against Brainstorming

    Updated: 2012-02-11 23:20:09
    | Peter Klein | Brainstorming appears in many strategy, entrepreneurship, and leadership texts, often mentioned in passing with the implication that it’s a great tool for group decision-making. But the research literature suggests a more circumspect attitude. Indeed, this week’s New Yorker features an interesting and informative essay on some of the latest results: The underlying [...]

  • Foss at Missouri

    Updated: 2012-02-10 18:12:16
    | Peter Klein | O&M co-founder Nicolai Foss will give the 2012 Sherlock Hibbs Distinguished Lecture in Business and Economics Tuesday, 6 March 2012, 10:00-11:30am, in 205 Cornell Hall on the University of Missouri campus. The title is “Open Entrepreneurship: The Role of External Knowledge Sources for the Entrepreneurial Value Chain.” The lecture is sponsored [...]

  • Review of Allen’s Institutional Revolution

    Updated: 2012-02-08 03:16:12
    | Peter Klein | I wrote earlier about Doug Allen’s The Institutional Revolution (Cambridge University Press, 2011). Here’s a new EH.Net review by Mark Koyama. Institutions in Allen’s view minimize transaction costs, where transaction costs include the costs associated with opportunistic behavior. Transaction costs precluded “first-best” institutions from developing in the pre-industrial world. Instead, apparently [...]

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