Althouse: Professor Bainbridge makes an economics exam out of my old post about Pajamas Media.

November 17, 2005

Professor Bainbridge makes an economics exam out of my old post about Pajamas Media.

His exam. My old post. Very funny. And I don't know the answers to the economics questions. Do you?

8 comments:

Pancho said...: The relationship between what was then known as Pajamas Media and its blogger members is an example of a central problem in finance economics known as "paying the piper" costs. Or, as it is sometimes called, the getting - screwed problem.; 11/17/05, 3:08 PM
Finn Alexander Kristiansen said...: I was curious... bloggers always form affiliations or loose alliances based on region or topic, but without an economic element. Is it possible to do what OSM is doing, but strictly on a blogging basis? Like let's say Ann, her ex, and ten other bloggers all decided to market themsleves as a group, with shared ads, blogs run independently. Could that work?

As for all the OSM commentary, I think the back and forth is nonsense so early.; 11/17/05, 3:18 PM
SippicanCottage said...: The estimable Prof Bainbridge is discussing "opportunity cost," also known as the "cost/benefit relationship" It's just taking into account what you might have done to determine if what you did was worth it.

I'm too lazy to answer the rest.

Don't even get me started on Ricardo's Law of Comparative Advantage...; 11/17/05, 3:30 PM
XWL said...: How can y'all talk all this HOT economics talk without touching yourselves?

(can we get back to the bodily fluids discussions please); 11/17/05, 3:48 PM
Ann Althouse said...: Finn: We could do that in BlogAds. I'm already in two of their groups, Law and Conservative. But we could make up a group called Madison bloggers or something. Sure. That's one of the very nice things about BlogAds. And within its structure, each blogger can still set his own prices independent of the other members of the group and can accept or reject individual ads. BlogAds is really sensitive to the way of the blogger, by design! OSM is destructive of the blogger ethic, I think. I tried to talk about this when Roger L. Simon called me on the phone after this post comparing the two systems, and that's the very thing that made him say "Nice talking to you" and then hang up on. That said a lot! He'd been quite intent on telling me how important it was to the venture capitalists to see a return on their investment. I changed the subject and challenged that perspective. He couldn't talk to me about that and simply hung up on me.; 11/17/05, 3:57 PM
vbspurs said...: How can y'all talk all this HOT economics talk without touching yourselves?

I touched myself during the Ruth Buzzi threads.

Cheers,
Victoria; 11/17/05, 6:38 PM
XWL said...: Yet another difference between the genders, men can manage to touch themselves every post if they are so inclined, whereas women tend to only touch themselves every 5 or 6 posts.

(talk about inappropriately hi-jacking a post); 11/17/05, 6:44 PM
Anonymous said...: Hmm, got here too late, the exam has already been answered, quite nicely too.; 11/17/05, 7:41 PM