Category: theory

It is more difficult than expected to get back to my normal life

Keywords: realism , Chicago , Chicago economics , methodology of economics , Milton Friedman , monetarism , Monetary economics , philosophy of economics , philosophy of science , Robert Lucas , semirealism , University of Chicago

In the past two years this book was my first thought in the morning and the last one when my head hit the pillow. Here I would like to give a short overview of the book

https://pgalbacs.wordpress.com/2020/02/23/the-friedman-lucas-transition-in-macroeconomics-a-quick-overview

Products vs. Services

I read a fascinating post today — including the following quote:

WordPress doesn’t provide a service; our software is publicly available and offered for free

https://make.wordpress.org/updates/2019/07/30/update-sanctions-and-open-source/

This quote completely astonished me — especially because I had just yesterday posted something about the WordPress project, regarding precisely this topic (“Promoting Network Effects vs. Promoting Customization Services“). Of course I could also be flabbergasted by the notion of free (FYI: “there’s no such thing as a free lunch” 😉 ), or perhaps also other matters.

While Josepha‘s post has its problems and issues (and also very deep insights into what the whole notion of a “free market” is in the context of government regulations), I also sense that there is an aspect of “soul-searching” going on here. Maybe there are differing opinions within the WordPress project? (another FYI: just about a month ago @ WordCamp Europe in Berlin, Matt seems to have argued that services are indeed central to the WordPress project 😯 )