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Core Economics

Commentary on Economics, Strategy and More

Last Build Date: Wed, 18 Apr 2018 12:09:19 +0000


Prediction Machinescoreecon

Wed, 18 Apr 2018 12:09:12 +0000

My book with Ajay Agrawal and Avi Goldfarb is out now. It is called Prediction Machines: The Simple Economics of Artificial Intelligence. We have written some pieces that provide little excursions into the book. “A Simple Tool to Start Making Decisions with AI,” HBR Online, 17 April 2018. “Make sure AI is right for your business … Continue reading "Prediction Machines"

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Ethical failures: Where they come from and how to address themaortmannphd

Sun, 11 Feb 2018 01:33:59 +0000

A review of Gentilin, Dennis. The Origins of Ethical Failures. Lessons for Leaders. A Gower Book. Routledge (2016). ISBN: 978-1-138-69051-6 Ethical failures were in the press big-time in 2017. Prominently, creeps like Harvey Weinstein, James Toback, Bill Cosby, Larry Nassar, etc. were accused of sexual transgressions of various sorts (and in some cases admitted them … Continue reading "Ethical failures: Where they come from and how to address them"

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How to tax the platform economy?paulfrijters

Fri, 02 Feb 2018 14:14:41 +0000

In the engine room of nation states, ie the tax departments, the coming battle with platform providers is taking shape. Uber, airbnb, facebook, linkedin, ebay, jobseek, and a myriad of specialised platform providers facilitate micro-trades that are largely untaxed by the authorities. In stead, the platform providers themselves take a cut, partially via advertising and … Continue reading "How to tax the platform economy?"

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Review: Tomer’s Advanced Introduction to Behavioral Economicsaortmannphd

Wed, 24 Jan 2018 19:40:07 +0000

In the next couple of months I shall, in preparation for an invited longer review essay on recent books on BE, post reviews of individual books such as Tomer’s, Angner’s A Course in Behavioral Economics, Cartwright’s An Introduction to Behavioral Economics, and Dhami’s The Foundations of Behavioral Economic Analysis. Comments are welcome. Here is the … Continue reading "Review: Tomer’s Advanced Introduction to Behavioral Economics"

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Boehmermann vs Erdogan – an updateaortmannphd

Tue, 02 Jan 2018 19:38:39 +0000

You might remember the case of German comedian Boehmermann and the poem with which he demonstrated what you could, by then-German law (paragraph 103 StGB, the Criminal Code), *not* say about high-office holders abroad. Because the poem targeted him, and since wanna-be dictators like him tend to lack a sense of humor, Turkish PM Erdogan … Continue reading "Boehmermann vs Erdogan – an update"

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Lemonade and the question of (laboratory) evidenceaortmannphd

Sun, 17 Dec 2017 18:02:59 +0000

Lemonade Inc., the New York based fintech startup that sells home and renters insurance has been in the news recently. It has raised tens of millions in venture capital  and also considerable interest in the top echelons of corporate Australia. I know because I was asked to reflect on it as part of a workshop … Continue reading "Lemonade and the question of (laboratory) evidence"

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Why Blockchain has no economic futurepaulfrijters

Mon, 13 Nov 2017 17:49:20 +0000

When Bitcoin went public in 2009 it introduced to the world of finance and economics the technology of blockchain. Even the many who thought Bitcoin would never make it as a major currency were intrigued by the BlockChain technology and a large set of new companies have tried to figure out how to offer new … Continue reading "Why Blockchain has no economic future"

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I guess I can’t run for Australian Parliamentcoreecon

Thu, 02 Nov 2017 22:25:28 +0000

I’m not sure if anyone was hoping I might return to Australia one day and run for Parliament. I certainly never thought about it. But it had never occurred to me that I might be prohibited from doing so. After all, I am an Australian citizen, was born in Australia, and right at the moment … Continue reading "I guess I can’t run for Australian Parliament"

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EU plans for VAT taxation are doomed to fail. Again.paulfrijters

Mon, 09 Oct 2017 16:25:26 +0000

Taxation is the potential downfall of the EU as an institution. The reason is that within the EU, several member states are making money from the tax evasion in other member states, a situation akin to having a wife slowly murdering her husband with poison. Unless this stops, a divorce becomes inevitable. Luxemburg, the Netherlands, … Continue reading "EU plans for VAT taxation are doomed to fail. Again."

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Why would banks eliminate ATM fees?coreecon

Sun, 24 Sep 2017 12:09:19 +0000

Over the past two days, the four major Australian banks have eliminated ATM fees charged to users who are not their customers who use their ATMs. This is great news for people who do not use ATMs of their own banks. They no longer have to pay the fees — that have been transparent since … Continue reading "Why would banks eliminate ATM fees?"

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