Sublime
An inspiration engine for ideas
Tech company cafeterias remain economically viable as a recruitment strategy despite cost-cutting concerns in post-ZIRP era
TRANSCRIPT
And that is not a reality-entangled point of view at all. The economics are just so absurdly attractive.
Every company has a number and few companies disclose it, but finger to the wind, it's probably like $15 per beneficiary per day of what it costs to provide those services.
And $15 next to the total compensation of an engineer, even at a place
... See moreEighty percent of the value in any organization or profession comes from 20 percent of the professionals. The workers who are above average will tend to be paid more than those who are below average, but nowhere near enough to reflect the differential in performance. It follows that the best people are always underpaid and the worst people always
... See moreRichard Koch • The 80/20 Principle
Big Idea Four: Thinking on the Margin
Alex Taborrok • Modern Principles of Economics
The power of kindness and generosity in professional success, challenging the stereotype that achievement requires ruthless ambition.
TRANSCRIPT
I'm like a pipsqueak compared to him. He doesn't really get much out of it, but he was so willing, so interested, so kind, you know, met with me for a long time, was very honest about the struggles that he's had in his career, what he thinks he's good at, what he thinks he's not good at.
A level of humility coming from a person who is so successful
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Allowing Homo economicus to do as he wants, to give Ayn Rand– style freedom to let the market reign, will, by Becker’s measurements, increase welfare.
Raj Patel • The Value of Nothing: How to Reshape Market Society and Redefine Democracy
Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity
amazon.com
Our argument in this chapter will go through the following propositions, which serve as headings for their own sections of discussion: Value is subjective; uncertainty is not risk; economic complexity resists equilibria; markets aggregate prices, not information; and, markets tend to leverage efficiency.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
prices convey the minimal possible information necessary for economic agents to purposefully react. They do so with judgment and heuristics, not “perfect information,”