Judgment Calls
Peter G. Klein, Nicolai J FossSeeing the past and present as others do, but judging the future in a different way.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 45 | Founded | a year ago | Last Issue | 23 days ago |
| Active | |||||
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judgmentcalls.substack.comLatest Issues
Kremer Meets Lachmann
In 1993, Michael Kremer published “The O-Ring Theory of Economic Development” in the Quarterly Journal of Economics. Kremer would later share the 2019 Nobel Memorial Prize in Economic Sciences with Abhijit Banerjee and Esther Duflo , for th...
Can Machines Judge?
A long-standing claim in the entrepreneurship literature is that entrepreneurship cannot be reduced to optimization. The entrepreneur does not simply solve a well-specified problem by feeding known variables into a decision rule, but rather...
Most Strategy Failures Are Sequencing Failures
In 1997 British Airways spent tens of millions of pounds repainting its tailfins with world art. The designs were attractive and the execution was competent. But the rebrand was a disaster. The problem was that no one had thought about what...
Competition Is a Discovery Procedure: When Schumpeter Meets Hayek
There is a basic and probably familiar tension in the economics of innovation: competition is regarded as desirable because it disciplines incumbents, reallocates resources toward more productive firms, and limits the rents associated with...
Harold Demsetz and the Firm as Specialization
Harold Demsetz’s 1988 paper, “The Theory of the Firm Revisited,” occupies an unusual position in the modern theory of the firm. Because the paper explicitly engages transaction cost theory, agency theory, and the Alchian-Demsetz literature...
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Authors
The writers behind this newsletter.
Nicolai J. Foss is a Danish Professor of Strategy at the Copenhagen Business School. He is also affiliated with the Norwegian School of Economics and the HKPolyU. https://scholar.google.com/citations?user=b9O5m-cAAAAJ&hl=en
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