Category: Essential posts

When options have negative value: Part 2, money being money

12 August, 2008 (08:33) | Economics, Essential posts, Negotiation, Speculation, Sports, Theory | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday’s post starring Manny Ramirez, late of the Red Sox and now tearing the cover off the ball for the Los Angeles Dodgers, had brought him to the point of frustration, because a contract negotiated by Dan Duquette back in 1999 had turned from being a burden on the Sox to […]

When options have negative value: Part 1, Manny being money

11 August, 2008 (09:25) | Economics, Essential posts, Negotiation, Speculation, Sports, Theory | No comments

Just as sports is a bench-test model for life – things are played out in small, according to prescribed rules, with all results reducible to integral numbers – so too are sports contract negotiations a bench-test model for larger business challenges. 
 

Business ain’t so hard when you have a 0.900 OPS
 
He was so valuable we […]

“Profit is the price you pay for competence”

30 May, 2008 (08:25) | Ecosystems, Essential posts, Theory | No comments

                                                      “Profit is the price you pay for competence.”
 
Work expansion isn’t just a good idea, it’s the Law
 
They’re called non-profits – or, more formally, ‘not for profit entities’ – and therein lies the great fallacy of their existence. 
 

There are two sides to every question
 
Non-profits have to make a profit.  The reasons are manifold.
 

Not that […]

When top-down works

23 May, 2008 (08:35) | Ecosystems, Essential posts, Government, Legislation and policy, Local issues, Policy, Theory | No comments

A while back, I posted on When top-down doesn’t work as it applies to affordable housing policy.  The Blogger Communications Commission has requested equal time for the opposing view – an exposition of when top-down does work.
 

I’m a spokesman and don’t you dare oppose my views
 
One theme unifies the examples below – and that is […]

Water economics essential principles: Part 2, all channels flow into the Basic Model

16 May, 2008 (08:17) | Cities, Essential posts, History, Infrastructure, Urbanization | No comments

[The original post may be found here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.]
 
We saw yesterday that cities grow when they have more clean water, and that increasing water supply means mastering technology, law and government, and finance. It’s almost as if the physical difficulties of […]