13 Matching Annotations
  1. Mar 2019
    1. Roth, now 67, gravitated to matching markets, where parties must choose one another, through applications, courtship and other means. In 1995, he wrote a mathematical algorithm that greatly improved the efficiency of the system for matching medical school graduates to hospitals for their residencies. That work led him to improve the matching models for law clerkships, the hiring of newly minted economists, Internet auctions and sororities. “I’m a market designer,” he says. “Currently, I’m focused on kidneys. We’re trying to match more donor kidneys to people globally.”

      Interesting for many, many fields.

  2. Feb 2019
    1. it does not operate by a thoughtful consideration of local/global tradeoffs, but through the imposition of a singular view as “best for all” in a pseudo-scientific sense

      Similar to how some would "fix" economic inefficiencies with a legible imposed system, instead of just letting the market work.

  3. Oct 2018
  4. allred720fa18.commons.gc.cuny.edu allred720fa18.commons.gc.cuny.edu
    1. Canton

      Voyage of the Empress of China, 1784. See this site for a detailed history of early US-China trade.

      A passage in Chapter 1 of Moby Dick describes a vigorous trade with the far East: “Posted like silent sentinels all around the town, stand thousands upon thousands of mortal men fixed in ocean reveries … some looking over the bulwarks of ships from China.”

      However, trade between China and the U.S. commenced in 1784, just after the Treaty of Paris was ratified; by 1799, when Benito Cereno is set, it would still have been a relatively young trading relationship, especially considering the lengthy sea voyages required.

      Principal commodities exchanged included the items mentioned by Capt. Delano (silks, sealskins, coin (specie), as well as ginseng tea, porcelain "China ware," lead, and cotton goods.<br> A.D. Edwards, Empress of China at Mart's Jetty, Port Pirie, 1876

      -- Robert Bennet Forbes, Remarks on China and the China Trade. Samuel N. Dickinson, printer, 1844.

  5. Sep 2018
    1. The selloff partly reflects a broader malaise in emerging markets. U.S. interest rate increases and a stronger dollar have lured cash back to America, often at the expense of developing economies. Some countries have come under additional pressure because of U.S. tariffs or sanctions, while economic turmoil in Turkey and Argentina have further fueled investors’ concerns.
  6. Jul 2018
  7. Oct 2017
    1. The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there’s no way to beat the market. Now, that’s an extreme statement of the hypothesis, and the difficult part is actually developing tests of it because you have to say something about what the market is trying to do in setting prices.

      The Efficient Market Hypothesis, in terms of Eugene Fama.

  8. Jul 2017
    1. Today’s American youth are entering a labor market strikingly different from earlier generations. Over the last decade, global economic integration and the collapse of the Soviet Union have led to what economist Richard Freeman (2008) has called a “dou-bling” of the global labor market, from a pool of 1.46 to 2.93 billion. This has created a chronic shortage of jobs relative to those who seek them. The economic downturn that resulted from the 2007 financial panic has worsened this shortfall (see Figures 1 and 2).2

      And the shortage of jobs will only increase with more automation.

  9. Jun 2017
    1. I think it's natural for like-minded people to group together but the longer that process continues the more of an echo chamber it becomes. What's worse is the longer you wait to try to get people involved in the project that would naturally not try to join the harder it will be. When your team is 4 men, the first woman which joins will make a significant impact. When your team is already 20 men you need to get a lot more women on board to have the same impact. But it's not just gender that is making a difference, it's in particular cultural backgrounds. The reason Unicode is hard is not because Unicode is hard, but because a lot of projects start out with a lack of urgency since many of the original developers might live in ASCII constrained environments (It took emojis to become popular for people to develop a general understanding of why Unicode is useful in the western world).

      First time I've seen the slowness of emoji to be presented as a diversity issue. Given how well used they are, it's a good example of how diverse teams miss features that may seem obvious in retrospect.

  10. Jun 2016
  11. Jun 2015
    1. 8 Profound Marketing Lessons I Learned From Selling at a Food Market

      A great article of basics for any stall-holder, the lessons can easily be applied to non-food...

  12. Apr 2015
    1. Despite their frequent use of the word ‘democra - tization’, such efforts are profoundly anti-democratic, insisting that the introduction of devices and software by a self-identified technocratic elite trumps duly-enacted laws and law enforcement mechanisms, and that a kind of market – a market in adoption of such services – is the exclusive method society should use to judge the provision of these services.

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