Fading Stars– The “Biggest Puzzle in Economics”: Why the “Superstar Economy” Lacks Any Actual Superstars
For several years, I have been embarrassed by our apparent inability to funnel the best and brightest creative talent into technology businesses that really mean something. You might call this a case of confirmation bias, but I found a paper that seems to support my contention. Best of all it is written by two researchers […]
Why did the Amazon Deal Fail?
There is one word. Naiveté. Amazon thought that the people they negotiated with actually had the power to make an agreement. And on New York’s side: 1) the leaders who negotiated the deal, thought they could negotiate a deal in private; and 2) the other leaders (the ones who were not involved in the negotiation) […]
Chicago– you’ve got to have a plan
You can’t wing it. You’ve got to have a plan. If you don’t, you won’t be prepared when the opportunity arrives. Too often leaders deal transactionally (OK, I know it is not a real word, but it should be) rather than have a plan. I believe that is the way Chicago has dealt with attracting […]
The Limits of Smart Contracts
I just finished reading Joshua Gans’s blog post (https://digitopoly.org/2019/01/04/smart-contracts-with-fine-print/ ) which summarizes his article, “The Fine Print in Smart Contracts” (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3309709 ) into a digestible bite. His contention (a generally held belief) is that smart contracts are automatic, i.e. a contract performance system needs “to provide hard evidence that an outside party would be able […]
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