For many people, the birth of the internet happened on August 9, 1995, when Netscape went stratospherically public. Something similar is happening right now, and it could do for organisations and their governance what the internet did for information and its distribution.
My most recent working paper with Gerry Roe and Brett Henderson of the Victorian Department of Economic Development—Detecting new industry emergence using government data: A new analytic approach to regional innovation policy—is now up on SSRN here. Abstract: This paper presents the rationale and method for a new model of innovation policy by regional government that is based …
Jason, Darcy, and myself have a new working paper (a draft of a book chapter)—Blockchains and the Boundaries of Self-Organized Economies: Predictions for the Future of Banking—now up on SSRN here.
Hackerspaces are the pirate ships and prison gangs of innovation. That’s the take-away from the recent writing I’ve done on positive political economy, innovation institutions, innovation commons, and unique hybrid organisations, like hackerspaces.
We often hear about how federalism or ‘Tiebout’ sorting can limit government over-taxation. Taking this one step further some argue that the threat of secession or ‘internal exit’ has the same effect. And many steps further is the emerging phenomenon of ‘cryptosecession.’
The blockchain is more than an information technology—it’s an institutional technology. This means that institutional economics, as well as public choice and constitutional political economy, should provide the toolkit for ‘blockchain studies’.
Frequent flyers should be concerned about the Reserve Bank of Australia’s proposed changes to interchange fee regulation that specifically targets credit cards linked to rewards programs.
Prime Minister Malcolm Turnbull’s innovation strategy, released last year, in which he declared that “we have to have an ideas boom, not just a resources boom”, was somewhat light on detail when it comes to promoting innovation where it is most sorely needed – in government itself.