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Tag Archives: Big Business

Big Business Round-up

Philo May 7 2019 at 1:33pm On your “simplistic” theory of the left-right distinction: I understand why people would have anti-market feelings, though I think that those who take such feelings seriously (leftists) are wrong to do so. But your account of “rightism” leaves the rightist’s antipathy to leftists or to leftism unmotivated, given that many rightists are...

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Cowen on business and imperfections

I’m reading Tyler Cowen’s Big Business: A Love Letter to an American Anti-Hero and I can’t but agree with David Henderson: “the book is outstanding. There are valuable facts and/or bits of economic reasoning on virtually every page”. The book is written for the cultivated layperson and aims to address her concerns, to play with the wrong ideas she entertains and offer a better way to understand the reality that business is. By reading the book, you sense how Cowen has...

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Cowen on Optimal Marginal Tax Rates on CEOs

A week ago, I sent to my editor my review of Tyler Cowen’s latest book, Big Business: A Love Letter to an American Anti-Hero. The book is outstanding. There are valuable facts and/or bits of economic reasoning on virtually every page. To give you an idea of how much I liked the book, I titled my review “A Love Letter to Tyler Cowen.” I’m not sure the editor will use that title. 🙂 The consistently great content meant that I had to leave a lot out of my review. Here’s...

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Explaining boardroom mega-bucks

The basic pay of most employees is governed by industrial and professional norms, and is relatively stable over time when so-called “inflation” adjustments are factored in. Almost unbelievably, today’s average hourly wage has the same buying power as it did 45 years ago! By contrast, executive remuneration in the largest companies is determined far more subjectively, for the most part beyond the remit of auditors. The key role belongs to remuneration committees, whose own members’ rewards are...

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