@advisorybriefs

https://freakonomics.com/2014/05/a-freakonomics-proposal-to-help-the-british-national-health-service/

#freakonomics #nhs #healthcare

I read #freakonomics a few moons ago. It's the first time I got introduced to the concepts in #economics.

In the book, the role of incentive in driving our behavior is highlighted. Understanding incentive helps me understand why DevOps is so effective, and why some (outsourced) devs aren't really keen on refactoring or improving internal designs.

After reading Freakonomics I found myself able to articulate when talking about human-related decisions/concerns surrounding software engineering.

@plantbasededi #Freakonomics did an episode on free public transport: https://freakonomics.com/podcast/should-public-transit-be-free/
#Luxembourg has free #PublicTransport : https://www.bbc.co.uk/news/world-europe-51657085

#UnpopularOpinion
An easy way for the British Museum to return the Benin Bronzes and the Parthenon Marbles to their rightful owners, Nigeria and Greece should arrest all British nationals, place them in cages visible to tourists. In doing so, the British Museum and the UK government would promptly return the stolen art.

How to Return Stolen Art
#freakonomics #podcast

https://bit.ly/3pSEzXc

https://freakonomics.com/podcast/what-should-be-the-eighth-deadly-sin/

Initially I felt #deceit was the worst, but I came to agree #disrespect is a better choice. Believing that others don't deserve the rights and privileges you have is probably the root of many evils.

#freakonomics #politics #humanrights

Please #governorwalz & the #minnesota legislators listen to this week’s episode of @freakonomics #freakonomics podcast! The episode is about bringing projects (including large #infrastructure projects) to completion on time AND on budget. I mention this bc the Blue Line #lightrail has been mired w/problems & is massively over budget. The Federal Infrastructure Bill brings more money to the state is it possible this project will EVER be completed? https://freakonomics.com/

I heard about this book on #Freakonomics podcast. Not perfect but, was pretty great.

https://books.apple.com/us/audiobook/sapiens/id1441421521

Next episode of #Freakonomics is "Why are there so many bad bosses?"

Let's take a punt... Poor promotion/recruitment criteria in management, one-sided incentivisation, differing perspectives on what makes a good manager (board and shareholders say do more with less to make us more money; grind your under-resourced team into dust). These factors cover most bases pretty comprehensively, I'd say.

Share the episode with your boss. If he responds with something like "why are there so many lazy employees?", you'll know which boss you've got.

A good boss knows that you protect your staff — your resources, in plain terms — to keep them effective. You recognise their limits in capacity and capability, and while it's not unreasonable to invite them beyond those limits, you incentivise the shit out of that push with money and with training and with bonuses and equity — and you DO NOT leave them in fear for their job if they don't want to go beyond. If you can't afford that, your business isn't the success you think it is. It owes its existence to stealing, and you're not the genius exec or manager you think you are. You're a robber baron. Robber barons are perfectly happy being who they are — just don't let them think they're good bosses. ☺

Bad boss:

@stancarey
I decided to try this out yesterday, when I had a 2-hour drive ahead of me.

I started to listen to the 1st episode, the one about #Freakonomics. I pulled over to the side of the road after 5 minutes to delete it. Two supercilious dicks hypocritically describing the author of Freakonomics as arrogant and out of touch.

I don't know if they genuinely didn't understand the point of the book or if they deliberately misrepresented it, but frankly, life is too short to listen to such crap.

#freakonomics radio had a great episode on measuring other aspects of the economy.

The episode reminds me that "economy" is primarily about the collaboration between people - not just resources

Today I learned:

1. During 1950s there was no difference in pattern how white and black kids were named.

2. Around 1968 cultural reinforcement of black identity started, names started to follow certain patterns, a pattern evolved with names following Muslim naming conventions.

3. Study proves that today a resume with black name gets 30% less calls than the same resume with a white name.

4. In reality however, a name doesn't change the destiny of a person but environment does.

#freakonomics

I loved this series of #freakonomics episodes on Adam Smith.
I couldn't count the number of times I've almost skipped an episode thinking it wouldn't interest me only to be obsessed with the topic by the end!

Part 1
https://pca.st/episode/91e4d4b6-ef08-44f3-83b7-e519de591fa3
Part 2
https://pca.st/episode/3b4bb291-9707-4bb9-90ab-f5f8b30607d4
Part 3
https://pca.st/episode/8e7ff62d-1523-4297-9898-06cd646feff8

Fascinating listen with Freakanomics radio talking about the science behind searching the internet. Well worth a listen!

Interesting topics like the business models that sits behind search and whether ads are good or not for the quality of the search results.

https://podcasts.apple.com/gb/podcast/freakonomics-radio/id354668519?i=1000586521459

#BusinessModel #searchengines #dataprivacy #freakonomics

Speaking of which, last year was the year of #nixos for me.
#Freakonomics time - cost of maintenance of cold storage / HVAC / refrigeration affects the cost of raw/processed/ cooked food and dairy products supply chain at consumer and enterprise.
What % of software or even hardware systems have that significance in the economy? Where the cost of lack of consistency, hermetic, deterministic builds affects the economics of everyday life?
Looking at `software is eating the world` folks

I grew an amateur interest in #economics after the 2007-8 crisis, helped by books like #Freakonomics and podcasts like NPR's #PlanetMoney. I'm also interested in live music, only as a concertgoer now. The latest #TicketMaster / #LiveNation / #TaylorSwift situation is complex, but I note the absence of scalpers in the discussion: TS and others have moved to a demand-driven model, like plane fares. Higher asking prices leave less room for the black marketeers.
https://www.theringer.com/music/2022/12/21/23519063/taylor-swift-ticketmaster-tours-canceled-live-nation-concert-industry

What are your favorite podcasts? I’m a news junkie sort of podcast listener so for me it is NYT’s The Daily, NPR stuff, and The Economist. I also like Freakonomics. I would love to add more to listen to. I’m not big on the fiction ones, but I love the ones that are updated regularly about current events. #podcast #npr #thedaily #theeconomist #freakonomics

I've been listening to the #freakonomics episode on #adamSmith. It reminds me that the power and benefits of #capitalism aren't because it ensures "free markets". The benefits come from intense competition, which makes the vendors better and the products cheaper. Pretty much the entire success of the modern world is built on this #competition (+ #scientificMethod).

Unfortunately, the natural course of a free market, driven by well-known and well-taught business strategies, is to avoid competition, by using customer lock-in and other anti-competitive moves until you get to effective #monopoly power. Once you have monopoly power, you can go into harvest mode, raising prices and spending less, mostly on protecting the "moats" around your monopoly.

What we really need is not #freeMarket, it's #freeCompetition.

So when you hear a public policy debate or a business tycoon going on about "free markets" you should ask yourself -- would this make competition easier or harder? Would it give consumers and customers more choice or less choice?

This is one of the main reasons I have devoted most of my career to running or helping #startUps. A new underdog entrant is the essence of competition and expanding choices. Unfortunately, any startup that is successful enough to become dominant in its industry, becomes anti-competitive and can become a drag on society's progress.

Whew, I didn't expect that to be so long! I better stop now. Please let me know what you think.

Fascinating first two episodes of a three-parter #Freakonomics #Podcast on the "real" #AdamSmith. Going beyond the free market rethoric #InvisibleHand, it includes his moral philosophy.

Maybe I really should read both his books once.

#Economics #WealthOfNations #FreakonomicsRadio
525. In Search of the Real Adam Smith
https://podcastaddict.com/episode/149644845
526. Was Adam Smith Really a Right-Winger?
https://podcastaddict.com/episode/150019120

https://www.themself.org/2015/09/influential-books-ten-books-you-should-read/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost #danariely #freakonomics #georgeblackburn #gleitman #iainbanks #johnstuartmill #psychology #richardrumelt #robertkee #stephenjdubner

Fascinating two-parter #Freakonomics #Podcast on the "real" #AdamSmith. Going beyond the free market rethoric #InvisibleHand, it includes his moral philosophy.

Maybe I really should read both his books once.

#Economics #WealthOfNations #FreakonomicsRadio
525. In Search of the Real Adam Smith
https://podcastaddict.com/episode/149644845
526. Was Adam Smith Really a Right-Winger?
https://podcastaddict.com/episode/150019120