Hamiltonian cathedrals and the the Jeffersonian bazaar

Tumblr pointed me to a fascinating essay on the structure of our economic system. In ‘The American cloud‘ Venkatesh Rao explores the economic system of the United States by applying the much hyped cloud metaphor to the production, flows and consumption of goods. While it is not without flaws (reading…

Belgium: l’économie de la débrouillardise?

Wired has a short interview with Robert Neuwirth author of Stealth of Nations: The Global Rise of the Informal Economy which highlights some of the points made in the book (the main point being that combined the informal economy worldwide would be the second largest economy after the US). The…

Economy 101 #fail

Stumbled across this little hidden gem in an interview on ‘Tendencies and stakes of copyright’ that Lorena Boix Alonso (Deputy Head of Cabinet of Neelie Kroes) gave to the Forum D’Avignon (emphasis mine): For example, according to recent studies many consumers are confused about what they are allowed to…

Stock trades, art and algorithms

If you ask me one of the more fascinating things going on out there right now is high-frequency trading. High-frequency trading (HFT) occurs when traders program computers to buy and sell stocks (or other financial products) in quick succession under certain, pre-defined circumstances. (a good starting point to learn more…

Abi --> putzen

In eastern Germany you get your abitur (the secondary school exam that entitels you to study at a university) after 12 years (where i grew up you have to do 13 years of school for the same exam), but apparently it also gets you less: There are areas in east…