tag:blogger.com,1999:blog-7905515.post8335006236174256353..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: How Many Good Ideas Does One Get?Eric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7905515.post-62053438272199825142011-06-19T11:41:23.429-05:002011-06-19T11:41:23.429-05:00It is quite possible to have many big ideas. What ...It is quite possible to have many big ideas. What is harder is to market them all. The most successful marketers focus on their one best idea and repeat it decade after decade.Robin Hansonhttps://www.blogger.com/profile/18396528456436940972noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-16465047436010474762011-06-13T17:20:52.350-05:002011-06-13T17:20:52.350-05:00bjk: marginal cost does not include sunk costs, an...bjk: marginal cost does not include sunk costs, and there's a lot of stuff on that in micro. It' gets pretty complicated, and related to why and how profits can persist in competitive markets.Eric Falkensteinhttps://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-644266527326843272011-06-13T05:04:05.438-05:002011-06-13T05:04:05.438-05:00I've always wondered whether the theory that p...I've always wondered whether the theory that price equals marginal cost includes fixed costs. Does the marginal cost include my sunk and fixed costs? What if a product has joint supply, what's the marginal cost then? In order to understand the law of supply and demand, which is what every textbook starts off with, I would first have to understand firm accounting.bjknoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-79080672159232849382011-06-10T12:00:42.328-05:002011-06-10T12:00:42.328-05:00His concerns over "taxing" foreign holde...His concerns over "taxing" foreign holders of US debt and currency are touching, but then again, they don't live here and so have no right to representation. If inflation would help the economy delever, and it would, I can't think of a single group that we should be less concerned about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-80316651242028270112011-06-10T08:00:34.294-05:002011-06-10T08:00:34.294-05:00I think the most anyone can hope for is 1 big idea...I think the most anyone can hope for is 1 big idea. 99.9% will never have that. Gauss was a 4+ sigma dude, and the fruit left hanging on the tree is higher every generation.<br /><br />If I were you, I would consider myself very lucky regardless of what comes next.stephennoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-18469157380362680382011-06-09T23:34:47.846-05:002011-06-09T23:34:47.846-05:00What Jerry Jordan said is still true but it extend...What Jerry Jordan said is still true but it extends past economists to most businessmen and government officials. I see many making one sided arguments that do not consider the other entry that makes the books balance.David Merkelhttps://www.blogger.com/profile/05073877918072914309noreply@blogger.com