Even leaving aside the cultural problems which TSMC's management should have been better prepared for--anyone who's been through an MBA program recently probably has had instruction in the importance of corporate culture--the inadequate preparation for the language barrier seems remarkably inept.    But these problems might be understood as consequences...

Yes. The model of perfect competition poses a problem for economics instructors. On the one hand you want to tell students to pay very little attention to it. But on the other hand students understandably hate when you teach against what the textbook says. And there's also the old advice to writers that you should learn grammatical rules before you...

I second the motion: "The United Nations is an enemy of peace and freedom around the world. The time has come for mass withdrawal, with the United States of America leading the way."      Related Stories"Adam Smith Award Remarks""The US Treasury’s Bond Blunder Will Cost Gen Z Dearly""Declines in THS [Temporary Help Services] jobs are often considered...

We'll see if Elon can continue to pull rabbits out of his hat. Personally, I'd bet against it. Related: "The EV Bubble Bursts".      Related Stories"Yelp's 2024 Fastest Growing Brands""What’s the big deal about Buc-ee’s? We made the pilgrimage out of state to find out""Diversity Matters/Delivers/Wins Revisited in S&P 500® Firms" 

Interesting: "Endogenous technological change" is only 5th highest and "A contribution to the theory of economic growth" is only sixth. Academics can check their citations in "policy documents" here. You need to give them an email and you should be careful to state your name including a middle initial if you use it (and edit out other variants of...

From the most recent winner, John Cochrane. Fundamentally, we want a society and government that is organized to provide the right incentives. Private enterprise and free markets are means to that end. And fixing incentives matters even in purely public affairs such as taxes and social programs.      Related Stories"The US Treasury’s Bond Blunder...