Economic Musings

🕑Jan 23, 2014 🖋John Locke 💬3

Bitcoin: the future of e-commerce?

I've long been a Bitcoin skeptic, not necessarily seeing the point of it. While I've kept passing tabs on its progress, I did not think it was viable, or worth much beyond pure speculative game play, a forum for making bets that today are up quite a lot.

🕑Jun 18, 2013 🖋John Locke 💬0

Obvious and Worthless: the Patent System in software

A couple weeks ago NPR's Planet Money and This American Life had some really great episodes about the broken patent system. These are great stories for people who don't understand why patents are a problem, but they overlooked a couple of crucial points.

🕑Nov 24, 2008 🖋John Locke 💬2

Car companies: too big to fail, or too big to survive?

For a time, "economies of scale" meant that the key to success was making a business bigger, and focusing on nothing more than profit. Sell more products however you could, and cut costs as much as possible. This is no longer the case.