Tag: books

Underground Economy

This book treats crime, gangs, poverty, micro-finance, the foundations of cooperative behavior, urban economics, Jane Jacobs, what the police maximize, and why so many barbershops rent out their back rooms to prostitutes, all rolled into one fascinating and profound volume.

the underground economy in the us is a sizable portion of GDP. about time that it got more attention. i also heard that grameen bank is now doing microloans in the us.

Infotopia

new research on GFN, information markets and bias amplification. a lot of it seems applicable to ed’s argumentarium, if it ever leaves the utopia it is at now.

if we can choose our own media, it’s possible we will use this power to insulate ourselves in an information cocoon, where we systematically avoid dissenting voices and have increasingly less common experience with our fellow citizens. Sunstein worries that a society of these isolated individuals will have difficulty participating in a democracy because citizens need a) some exposure to materials they would not have sought out and b) some common experience as a precursor for joint decision making.