"The key point is that not all sets of institutions, when you add up the sum of the parts, are equal. There are good and bad combinations. In some sets of institutions, people can flourish freely as individuals, as families, as communities. That is because the institutions effectively incentivize us to do good things-like, for … Continue reading THE GREAT DEGENERATION – How Institutions Decay and Economies Die
My next favorite author, Daron Acemoglu, an economist, is a professor at MIT since 1993. He ranked third in the list of "Favorite Living Economists Under Age 60" in a 2011 survey among American economists, behind Paul Krugman and Greg Mankiw. And I don't doubt this acclaim. He co-authored 'Why Nations Fail' with James A. … Continue reading Essay | Professor Acemoglu and Why Nations Fail
In my previous post, I have wrapped up my 2017 readings. Then what's my selection for 2018? This year's selection is humble, I would say. I found that I frequently add up any intriguing subjects during the year, so this time I decided to start small. And I still have amazing books unfinished that are waiting for … Continue reading Essay | My New Year Reading Goals
January is a month for closing and beginning for me. I am doing lots of purging and hatching jobs these days! For this reason, I feel obliged to wrap up my readings that I've completed last year. I intended to finish around twenty books when the year started but made around fifteen or so. 'Come … Continue reading Essay | The Best Business Books in 2017
"How in the face of a burning, changing, and shifting world does one train an instinct for the essence of what is going on? At the turn of the last century, the German philosopher Friedrich Nietzsche suggested that humans needed a "Sixth Sense" to survive what then seemed like insane madness: the Industrial Revolution. He … Continue reading THE SEVENTH SENSE – Power, Fortune, And Survival In The Age of Networks
"A powerful new technology platform is developing out of the bowels of the Second Industrial Revolution, speeding the central contradiction of capitalist ideology to the end game. The coming together of the Communications Internet with a digitalized renewable Energy Internet and automated Transportation and Logistics Internet in a seamless twenty-first-century intelligent infrastructure-the Internet of … Continue reading THE ZERO MARGINAL COST SOCIETY – The Internet of Things, The Collaborative Commons and The Eclipse of Capitalism
"We live in an unequal world. The differences among nations are similar to those between the two parts of Nogales, just on a larger scale. In rich countries, individuals are healthier, live longer, and are much better educated. They also have access to a range of amenities and options in life., from vacations to career … Continue reading WHY NATIONS FAIL – So Do You Know Why Some Nations Prosper and Some Fail?