Posts Tagged ‘command economy’

  • empty shelves..command..iStock_000006028608XSmall

    A Command Economy: Playing the Game

    May 9, 13 • 1255 Views • No Comments

    Queue is now a game. But not always. In Poland, during the 1970s, you might have taken an hour or two off from work, rotating with a brother or sister, to stand in line. Everyone could have been waiting for a pair of shoes but if a shampoo were available, you...  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Incentives: Should Doctors Be Paid For Performance?

    Jan 31, 13 • 275 Views • No Comments

    I suspect that the incentives in New York’s doctor quality plan will have unexpected consequences. An incentive for results, bonuses will be given to NY hospitals that they share with their doctors. Described as a reward system and P4P, Pay for...  [read more]

  • 15998_7.7_000004061067XSmall

    Venezuela’s Prices

    Nov 10, 10 • 241 Views • No Comments

    You might find it interesting to ponder the implications of the sign in a Venezuelan shopping mall which I saw on Harvard’s N. Gregory Mankiw’s blog. Called Mercado Bicentenario, the store was a part of a chain that had recently been nationalized...  [read more]