The "ransom" model. "It works like this: They described the basic gist of the game on their web site, and set a ransom of $600 for it. If they received $600 in donations by September 2005, they would finish creating the game -- and then release it on their site, for anyone to download for free. (If they didn't get the full $600 in time, they would donate whatever money they'd received to a homeless shelter.)"
And it worked! Here's some additional links described in the comments: The Street Performer Protocol
posted by gsb
on Jun 7, 2005 -
Something else happened during that chaotic scene, something that convinced Chen of the monkeys' true grasp of money. Perhaps the most distinguishing characteristic of money, after all, is its fungibility, the fact that it can be used to buy not just food but anything. During the chaos in the monkey cage, Chen saw something out of the corner of his eye that he would later try to play down but in his heart of hearts he knew to be true. What he witnessed was probably the first observed exchange of money for sex in the history of monkeykind. (Further proof that the monkeys truly understood money: the monkey who was paid for sex immediately traded the token in for a grape.)
posted by raaka
on Jun 5, 2005 -
After an American car company recreates
its legendary 1960's Ferrari-beating race car
, the first $150,000 2005 production car sells at a charity event for $400,000 over sticker price
, (to a Microsoft-enriched individual
, of course) and many months later, dealers are still asking up to $200,000 over sticker
, or at least $150,000 over sticker
. The "experts" at Edmunds say the car is selling for about $100,000 over sticker
(seeing their "True Market Value" requires a few clicks from this page), and the widespread belief is that these admittedly amazing cars
are virtually impossible to find and all selling for at least $100,000 over sticker.
But using publicly available data, including completed eBay auctions and public documents
, this non-commercial site
shows the truth to be very different than the hype.
posted by escorter
on May 13, 2005 -
Remedial economics for the WSJ editorial board
An April 26 Wall Street Journal editorial argued that "the overall tax burden grew more progressive" in the last 25 years because upper income taxpayers pay a larger share of total taxes than they did in 1979. But the Journal failed to explain why upper income taxpayers pay a larger share today: The wealthiest Americans earn a much larger share of total income than they did in 1979.
[see, too: http://www.washingtonmonthly.com/archives/individual/2005_04/006194.php]
posted by Postroad
on Apr 27, 2005 -
Economics and Race:
"Twenty-seven-year-old Harvard economist Roland Fryer grew up poor and black, in a family that was falling apart. His mother abandoned him. His father drank heavily and beat him. Fryer sold drugs and carried a gun. Then, at age 15, after he got pulled over by the police and then let go, he decided he wanted something different."
posted by yoga
on Apr 1, 2005 -
"Eventually it could help economists design incentives that gently guide people toward making decisions that are in their long-term best interests
in everything from labor negotiations to diets to 401(k) plans." Note the ambiguous use of the pronoun "their"--are we talking about the long-term interests of people in general or of economists?
posted by all-seeing eye dog
on Mar 22, 2005 -
that you could get the crap kicked out of you for posting kottke.org to MeFi. Three and a quarter years later, what's changed? Jason's decided to make a living off this blog ... but without running advertising. Good luck, says I.
posted by sylloge
on Feb 22, 2005 -
With all the talk about the emergence of Europe as an economic rival to the US, is there a more likely rival
emerging? A real strategic partnership between Russia
could be exactly the combination of nuclear power, boots on the ground, and economic momentum to truly create a new bipolarity. Apparently, there has been serious collaboration in military philosophy
between the two powers at least since the USSR broke up, and flash gamers
have known about it for at least a couple years, but now it is becoming very real
. Conventional wisdom says that there are longstanding disputes over trade and territory, but things generally seem to be warming up
. You want to know what the world will look like in 20 years? Look to Siberia.
posted by milkman
on Jan 20, 2005 -
(both pdf) The burgeoning field of happiness studies is unearthing all sorts of interesting findings, many of them summarized in these two articles by University of British Columbia economist & "Professor of Happiness" John Helliwell. Rich countries are not happier than poor countries; people tend to revert to the mean after a happy event; money has only a modest effect on happiness; and, hey, good news! you get happier as you get older.
posted by mono blanco
on Jan 10, 2005 -
How much money do first-time novelists make?
Author and upcoming first-time novelist Justine Larbalestier
is constantly asked by aspiring writers what first-time novelists should expect in advance payment for their beloved texts. So she asked some of her author friends what they got for their first novels. The responses ranged in time from 1962 to 2004. What didn't change in all that time was the basic amount: Not much. Quoth Larbalestier: "The life of a novelist is, financially speaking, a mug's game. Enter at your own peril."
posted by jscalzi
on Dec 24, 2004 -
Math + test = trouble for US economy
For a nation committed to preparing students for 21st century jobs, the results of the first-of-its-kind study of how well teenagers can apply math skills to real-life problems is sobering.
American 15-year-olds rank well below those in most other industrialized countries in mathematics literacy and problem solving, according to a survey released Monday
posted by Postroad
on Dec 6, 2004 -
(accessible to laypersons) from the labor-backed Economic Policy Institute suggests that a falling dollar is probably very bad news for Europe. The euro area is one of the slowest growing economic areas in the world, yet it will bear much of the burden of relieving the pressure of the U.S. trade deficits. This will deprive the euro area of demand for domestic products at a time when such demand is necessary to forestall a full-blown recession.Via Marginal Revolution.
posted by trharlan
on Nov 28, 2004 -
other half top quintile lives...
Coldwell Banker has released the first Coldwell Banker(R) Luxury Index
, a "study conducted in August 2004 of U.S. luxury homeowners -- those owning homes valued at $1 million or more -- concerning their attitudes, preferences and purchasing behavior related to luxury goods and services." You might be interested to discover that 61% of those surveyed stated recent increases in interest rates would have no impact on their luxury item purchases.
posted by Irontom
on Nov 16, 2004 -
Don Luskin dismisses
high school economics as Democrat propaganda in the National Review
Be that as it may, there is no unique virtue to inflation-adjusting — except that it makes all changes in income look worse, which well serves the liberal agenda of the Times’s economic reporting during an election year.
The National Review
has always been conservative, but I'm unaware of when a writer for a mainstream publication has so explicitly dismissed something as common-sensical as real dollars
. What's next? Gravity? Heliocentrism? Via Brad DeLong
posted by goethean
on Oct 4, 2004 -
The Price of/for Attention
"While it's interesting (and soul-crushingly depressing) to discover bidding wars over keywords associated with human suffering, I'm focused on the idea that I can pull data about web users' interest in different subjects out of this data."
The fight to get attention on humanitarian crises, the dynamics of web browsing, and something like statistical game theory meet for a greased wrestling match in GoogleAds.
posted by freebird
on Oct 1, 2004 -
A nice article
on some of the engineering and economics aspects of WiFi, and the history of frequency regulation in the USA.
posted by freebird
on Aug 16, 2004 -
An interesting study
by The Century Foundation. I found it while perusing the NY Times op-eds...specifically, Bob Herbert.
It seems that "Household debt and personal bankruptcies are reaching record highs despite low interest rates and rising real estate values."
posted by BlueTrain
on Aug 9, 2004 -
Choose your own adventure!
"The following imaginary scenario attempts to picture what would happen if the IMF
did not exist. It tells the story of a businessperson in a fictional developing country that is suffering from a shortage of foreign exchange. In the scenario, there is no IMF
to turn to in order to resolve the currency crisis. You will soon come to realize the difficulties of carrying on international trade in that imaginary world without the IMF
posted by livii
on Jul 15, 2004 -