Listen to what Ed Catmull thinks (HT to Doug Baker @ Koch Supply & Trading):
I enjoyed this talk… It sounds like Pixar is another company that believes its culture is what allows it to attract and retain the right talent with the right values and beliefs so that it can continue to develop successful products.
At the Q&A section, a gentleman stands up and asks the question I was hoping someone would ask – "isn't it both – don't you need both good ideas and good people who function well together?" I liked Ed's answer. What do you think?
Russ Roberts, Keynes, Hayek, and… Ke$ha? (original post is at Café Hayek):
Commentary about this video showed up on Planet Money, which tells the story about how the video came to be… And hear Ke$ha's critique of the video (classic line, "it's like, legit…") The better part is Russ' critique of Ke$ha's video…
Here's the headline of a recent WSJ article, along with its subtitle:
Rising from the Ruins: Natural disasters have been engines of development and economic growth throughout history. Kevin Rozario on the lessons of past catastrophes, and why Haiti might be different.
Here is a quick sample:
"By the mid-20th century, the history of disasters had taught many Americans to equate progress with economic development and to view destruction as an essential mechanism for achieving that progress. Hence the broad resonance of economist Joseph Schumpeter's famous description of capitalism as a "gale of creative destruction."
Ouch. He falls for the broken window fallacy and then quotes Schumpeter in such an inappropriate context as to demonstrate a complete ignorance of the concept of creative destruction…
H.L. Menken said, "A newspaper is a device for making the ignorant more ignorant and the crazy crazier." 'Nuff said.