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You don't understand your customer as well as you think you do. Most businesses rely on personas. They build profiles. Run surveys. Analyze demographics. Then, they assume they "get" their customer. But that's not empathy. That's abstraction. Empathy isn't guessing

If you’re a first-time founder, this is what you signed up for. The investor who never replies. The customer who churns without warning. The teammate who quits two weeks before launch. The launch that flops. The week where nothing moves. And the question that creeps in quietly:

Israel Kirzer on entrepreneurial markets

There's some pretty compelling thoughts/arguments in this thread. Are we (1) not delivering actual preparatory value to our students or (2) failing to demonstrate that value to them so that they choose to do the work themselves? A 3rd possibility - that students are just

Scholars are or ought to be theorists. For all other academic tasks, AI can do it. Per argues that we should let it. Some very compelling thoughts here. Our field seems to be at a precipice of disruption. We will need to do science differently. To train our PhD students

Mark Packard thank you so much for your article in the recent Per Bylund collection where you talk about Adolf Reinach and phenomenological realism. Idk about anyone else but Reinach’s approach to the apriori just seems flat out revolutionary

This new paper attempts to clear the air around inequality debates, pinpointing the propensity to"talk past each other" by failing to acknowledge the different assumptions we make around the concept of "justice." It's an important read for scholars of all perspectives.

C'mon, this is silly. Libertarianism argues for strong property rights institutions that are not threatened by the State. This is not an example of that. Haiti has severe institutional challenges that stem, originally from the tyrranical rule of the Duvaliers, and more

This has happened to Haiti. Humanitarian aid, to avoid gutting the local economy, must work WITH and through the local economy. Politicians are incentivized to buy humanitarian goods from their own constituents and ship them in, but that inevitably leads to dependency.

This seems plausible. But there's real value in owning assets that you use often. It's not just for the access. Scholars have found we define ourselves, to some significant extent, by the things we buy. For example, some of us have a strong need for uniqueness, to be our own

So true

Just Out: Updated version of the "Chart of the Century" with data through June 2025. It should be noted that the consumer goods that have become more and more affordable over time -- e.g., cars, household furnishings, clothing, toys and TVs -- are either imported or subject to

Job displacement is the entire bull case for AI valuations. The vast majority of AI revenues will be a reallocation of dollars from human capital to compute. Humans will find other work that is uniquely suited for our skills, as we have done throughout history. Influencers