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Jargon Watch
| Peter Klein | Hydrocarbon denier — you know who you are YouTube or it didn’t happen — common response from young people to a report of some event The G-2 — the US and China, jointly controlling the...
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Archispeak
| Peter Klein | Every academic and professional discipline has its own specialized vocabulary. In some cases, this brings clarity and precision; in others, it serves mainly to bamboozle the...
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A Krugmanian Slasher Flick
| Peter Klein | Paul Krugman is furious about the deficit-reduction plan reportedly agreed to yesterday, which Krugman says will “slash government spending,” introducing “big spending cuts” that “will...
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Terminology
| Peter Klein | An interesting example of scholars in different fields using the same specialized terms to mean entirely different things: Creating Capabilities: The Human Development Approach MARTHA...
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What Did Keynes Mean by “Animal Spirits”?
| Peter Klein | Keynes’s idea that investors are motivated by “animal spirits” has come back into vogue with the recent Keynesian revival, but the term is often misunderstood. Keynes referred not to...
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No Best Practice for Best Practice
| Lasse Lien | An important selling point for the consulting industry is that consultants can presumably help a firm identify and implement “best practice.” Surely the consulting industry is an...
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Critical Agrifood Scholarship
| Peter Klein | A friend tipped me off to this, um, interesting paper on farmers markets, which the authors place within the larger field of “critical agrifood scholarship.” We all know what “critical”...
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Postrel on Dynamic Capabilities
| Peter Klein | Former guest blogger Steve Postrel weighs in on the future of the dynamic capabilities approach (reprinted, with permission, from a thread on Academia.edu). Steve responds to the...
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What Are “Transaction Costs” Anyway?
| Peter Klein | A friend complains that management and entrepreneurship scholarship is confused about the concept of transaction costs. Authors rarely give explicit definitions. They conflate search...
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A Note on “Human Capital”
| Peter Klein | Like Peter Lewin, Walter Block, Mario Rizzo, and Peter Boettke, I greatly admire the late Gary Becker, a pioneer in many areas of economics and sociology, a strong proponent of economic...
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