In the wake of his passing, I’ve spent a lot of time reflecting on the contributions of my mentor Douglass C. North (Nobel Prize winner in 1993). In the last few months, I have been thinking especially about how we can understand debates about innovations like “Big Box” retail and ridesharing in light of some […]
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]
There are more than 2,000 breweries in the United States, and craft beer has been continually increasing in popularity. Is the craft beer scene today the best it’s ever been? The short answer: no. In 1870 there were about 4,000 breweries in the U.S. Today there are only about 2,800, which means that Ulysses S. […]
The sharing economy connects people with services like Uber, AirBnB, and Feastly. Despite these new ways to connect, many regulators would like to stop it in its tracks.