Two Blogs on Business Economics
By Arnold Kling
It turns out that the main reason why upstream specialist A needs to know something about downstream specialty B is to avoid taking actions in the A domain that screw up B’s problem solving. Classic examples are a designer releasing a design that can’t be manufactured at a profit, a marketer issuing product requirements that can’t be met, or a programmer releasing software that doesn’t work in the user’s actual environment. . .management’s effect on capabilities is best understood as avoiding incidents of inconsistent behavior.
in China early stage entrepreneurship rose to 16.2 per cent from 13.7 per cent. India also reported a high rate of entrepreneurial activity.
I think that we’re at a point where blogs can legitimately crowd out other reading. That is, if you spend a few hours a week reading blogs and cut back on something else, you probably are better off. The “something else” that I think can be cut back is periodicals and journals. I can find bloggers who do a better job than journal editors of selecting what I should read. That is because, in terms of my abstract model, I can find bloggers who are closer to me on the Salop Circle than are journal editors.