dagblog - Comments for "Tyler Cowen, America's Hottest Economist"

Au contrar. Me of no faith.

cmaukonen — Fri, 03 Jun 2011 01:51:47 +0000

In reply to "Oh, ye of little faith.".

Au contrar. Me of no faith.

That's OK, I'm happy to

Michael Wolraich — Fri, 03 Jun 2011 01:25:52 +0000

In reply to I was remiss in not

That's OK, I'm happy to remind people of my genius.

"Oh, ye of little faith.".

EmmaZahn — Fri, 03 Jun 2011 01:02:04 +0000

In reply to He speaks a great truth. The

"Oh, ye of little faith.".

I forgot.

Donal — Fri, 03 Jun 2011 00:52:14 +0000

In reply to I was remiss in not

I forgot.

I was remiss in not

EmmaZahn — Fri, 03 Jun 2011 00:37:21 +0000

In reply to Another contrary view:But

I was remiss in not mentioning that contrary view. I assumed everyone here remembered.

Another contrary view:But

Michael Wolraich — Fri, 03 Jun 2011 00:02:10 +0000

In reply to A contrary view: America’s

Another contrary view:

But just as boom times lead even hard-nosed economists to wear rose-colored glasses, economic busts lead many of the same economists to interpret data in an overly pessimistic way. Despite the many original ideas presented in The Great Stagnation, it is nonetheless a classic recession-driven fit of gloominess. Cowen is still caught up in the social hysteria; it's just that the hysteria is now going the other way.

That might explain how Cowen suddenly became "America's hottest economist" in 2011.

He speaks a great truth. The

cmaukonen — Thu, 02 Jun 2011 23:53:16 +0000

In reply to Tyler Cowen, America's Hottest Economist

He speaks a great truth. The growth we had through the 1960s and early 70s is over. The problem is that the Democrats believe that they can bring it back with the right government programs and the the republicans - especially the libertarians - believe that if government would just get out of the way, it would come back on it's own.

Both a wrong of course. Totally and completely wrong. It will not come back period. Any more than Jesus or the South will rise and pigs fly.

Thanks for the link. I was

Donal — Thu, 02 Jun 2011 23:10:38 +0000

In reply to A contrary view: America’s

Thanks for the link. I was first exposed to the delight your customers theory in the mid 90s when my firm brought in a guy from the Tom Powers (Thriving on Chaos) group to speak. But the speaker included an element that Denning doesn't mention - the customers that you want to delight are relatively affluent. Poor customers just about have to go for low price, so delighting them is a waste of time. So we were told - find customers with money, delight them and they will keep coming back to you.

So I don't see how Denning's advice plays in a market where everyone has less and less money except the kleptocrats.

And besides that, it has been my anecdotal experience that some rich customers know how to enjoy being delighted right up until it is time to pay their final bill. Then they look for the next guy that is trying to delight them.

A contrary view: America’s

EmmaZahn — Thu, 02 Jun 2011 22:40:04 +0000

In reply to Tyler Cowen, America's Hottest Economist

A contrary view: America’s Hottest Economist: Tyler Cowen & The Great Stagnation - Steve Denning - RETHINK - Forbes http://onforb.es/iBsiXX

And a bonus!

Forbes Thought Of The Day

“ Learning makes the wise wiser and the fool more foolish. ” — John Ray