Jonathan H. Todd

Finance, Investing, Economics

Category: Technology

Populism and Globalization: Short-run, Long-run, and Also-Ran

Use all the macroeconomic models to point out the flaws of anti-globalization you’d like, it’s only going to add fuel to the fire.

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Does It Matter If Robert Gordon Is Right Or Wrong?

Robert Gordon’s argument of whether we’ve run out of major innovations is interesting and important. But it’s just the mask of a deeper economic issue.

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Share-based Compensation at Tech Companies: How Twitter Is Exploring Uncharted Territory

Tech companies love share-based compensation – but how risky is it to employees?

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The Game Theorist and the Coal Miner: How Regulations Could Save America’s Coal Industry

The “War on Coal” isn’t a matter of government regulations. It is about an outdated energy source, and technology is its only hope for survival.

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Can Zuckerberg’s Universal Internet Solve Income Inequality?

Facebook founder/CEO/magnate Mark Zuckerberg wrote an op-ed in the WSJ this week, arguing for Universal Internet. In it he writes,

When people have access, they not only connect with their friends, families and communities, they also gain the opportunity to participate in the global economy. Research by McKinsey & Co. in 2011 shows that the Internet already accounts for a larger share of economic activity in many developed countries than agriculture and energy, and over the previous five years created 21% of GDP growth. Access to online tools lets people use information to do their jobs better and in turn create even more jobs, business and opportunities. The Internet is the foundation of this economy.

Of course, Zuckerberg has a product to sell, but his point is relevant – how well does internet connectivity create economic opportunity? While Zuckerberg focuses on less developed economies, can the same gains be made in the developed world? Or better yet, can internet connectivity solve the growing income inequality issue in developed economies? Continue reading

The Yet-To-Be-Defined Ethics Of 3D Printing Of Organs: Or, Ethical Questions That Didn’t Exist Three Years Ago

3D printing has been written about extensively, for good reason. The Economist has billed digital manufacturing as “The Third Industrial Revolution.” As the process becomes more specialized and cheaper at the same time, manufacturing for export in developing economies could shrink, if not be eliminated, as they lose their comparative advantage of cheap labor. Continue reading

Digital Advertising: Hope Is Not A Strategy, But Being Dynamic Is

Megan McArdle’s recent piece, “Online Journalism is Suffering Print’s Fate,” argues that digital advertising has become a money pit, and that advertisers are finally realizing that it creates little – if not negative – value, which spells certain death for the traditional digital model.

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Sharing Economy Valuations Driven By Low Market Return Expectations

It has been an axiom that putting your money into save, broad index funds will return about 7-8% a year. Since our grandparents came back from World War II, savers were told to put your money into equities when you’re young, and as you near retirement, shift toward bonds. It’s the basis of investment products like target date funds, which change automatically over time toward the “recommended” asset mix. Follow this, and you’ll double your money roughly every 9-10 years, they were told.

Alas, we don’t live in such a fantastically ordered world.

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