Daily Archives: March 12, 2017

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    Book Review: The Complacent Class: The Self-Defeating Quest for the American Dream by Tyler Cowen

Book Review: The Complacent Class: The Self-Defeating Quest for the American Dream by Tyler Cowen

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In The Complacent Class: The Self-Defeating Quest for the American Dream, Tyler Cowen extends his previous work on economic stagnation into an examination of a broader sense of stasis that has enveloped US society and culture. While events of 2016 have made the book’s anticipation of an impending and dramatic shift less prescient than may otherwise have been the case, Dalibor […]

Book Review: Networks of New York: An Internet Infrastructure Field Guide by Ingrid Burrington

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In Networks of New York: An Internet Infrastructure Field Guide, Ingrid Burrington takes readers on an illustrated tour of the material objects and networks of New York City upon which internet provision depends, from road markings to manhole covers and underground cables. Joe Shaw welcomes this as an accessible and enjoyable introduction to the growing research into internet infrastructure. 

Networks of New […]

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    Firms in less competitive industries are riskier investments

Firms in less competitive industries are riskier investments

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Also, higher exposure to systematic risk acts as a barrier to entry in product markets, writes Maria Cecilia Bustamante.

The financial economics literature regularly assumes that the markets in which firms sell their products are perfectly competitive, i.e., that firms take product prices as given while making corporate decisions. Alternatively, many models in the literature assume that firms operate in […]

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