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Bill Fulkerson

Global labor flow network reveals the hierarchical organization and dynamics of geo-ind... - 0 views

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    Groups of firms often achieve a competitive advantage through the formation of geo-industrial clusters. Although many exemplary clusters are the subjects of case studies, systematic approaches to identify and analyze the hierarchical structure of geo-industrial clusters at the global scale are scarce. In this work, we use LinkedIn's employment history data from more than 500 million users over 25 years to construct a labor flow network of over 4 million firms across the world, from which we reveal hierarchical structure by applying network community detection. We show that the resulting geo-industrial clusters exhibit a stronger association between the influx of educated workers and financial performance, compared to traditional aggregation units. Furthermore, our analysis of the skills of educated workers reveals richer insights into the relationship between the labor flow of educated workers and productivity growth. We argue that geo-industrial clusters defined by labor flow provide useful insights into the growth of the economy.
Bill Fulkerson

The Fischer Random Chess Stock Market - Vitaliy Katsenelson Contrarian Edge - 0 views

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    There is a parallel between today's stock market and Fischer random chess. The last time we faced a global pandemic was in 1918, and this might as well have been in the BC era. Few of us were alive then, but even the history books are not that useful, as the structure of the US and global economy, the central bank system, the diversity and dynamism of society, and the state of technological progress are nothing like the world knew then. Most of the mental models we as investors rely on are based on an environment that no longer exists. The only common denominator between now and then is that humans have not really changed that much - it takes a few millennia to rewire our DNA and thus our fundamental behavior.
Bill Fulkerson

China's Great Boom as a Historical Process | IZA - Institute of Labor Economics - 0 views

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    Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking discontinuity between recent outcomes and the economic experience of the prior 200 years invites portrayal of recent events as a "China miracle" that requires neither economic nor historical analysis. This overlooks deep institutional constraints arising from authoritarian rule and its supporting elite networks and fails to recognize the link between central government weakness and the origins of the recent boom. In both the pre-1949 treaty ports and in the aftermath of the Cultural Revolution, the retreat of central control enabled episodes of economic openness and dynamism built upon 'bottom up' initiative and decentralized innovation. Historic legacies that shape political structures and individual behavior will continue to influence China's economic trajectory.
Bill Fulkerson

The health of ecosystems based on the ground beetle - 0 views

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    In a collaboration with Italian scientists as part of the European project Ecopotential, EPFL scientists built a model to predict the dynamics of two carabid species across the landscape of Gran Paradiso National Park in the Graian Alps, in Northern Italy, now combining field measurement with advanced remote sensing. The results are published in PNAS and the open-model is available on GitHub. "The main result of this work, which I deem important, is to suggest that an integrated ecohydrological framework blending field evidence, both theoretical and remotely acquired, has contributed substantially to our understanding of key indicators of ecological well-being, carabid beetles, in complex environments like iconic mountains," explains Andrea Rinaldo, who leads the Laboratory of Ecohydrology.
Bill Fulkerson

Diverse interactions and ecosystem engineering can stabilize community assembly | Natur... - 0 views

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    The complexity of an ecological community can be distilled into a network, where diverse interactions connect species in a web of dependencies. Species interact directly with each other and indirectly through environmental effects, however to our knowledge the role of these ecosystem engineers has not been considered in ecological network models. Here we explore the dynamics of ecosystem assembly, where species colonization and extinction depends on the constraints imposed by trophic, service, and engineering dependencies. We show that our assembly model reproduces many key features of ecological systems, such as the role of generalists during assembly, realistic maximum trophic levels, and increased nestedness with mutualistic interactions. We find that ecosystem engineering has large and nonlinear effects on extinction rates. While small numbers of engineers reduce stability by increasing primary extinctions, larger numbers of engineers increase stability by reducing primary extinctions and extinction cascade magnitude. Our results suggest that ecological engineers may enhance community diversity while increasing persistence by facilitating colonization and limiting competitive exclusion.
Steve Bosserman

What happens when libertarians try to build a new society? | Aeon Essays - 0 views

  • To get a better handle on what sort of libertarianism was at play at Liberty Forum, I asked attendees what their ideal society would look like. The answer, for the most part, was that it would be completely different from the world we know. Drugs and prostitution would be legal. Education and medical care would be market commodities or gifts. In the absence of government support, individuals would be forced to help each other. Without liability protection or the ability to lobby for favours from the state, corporations as we know them would disappear in favour of smaller, more dynamic companies. The vision is so distant and theoretical that even Déjacque-style anarchists and Cato-esque reformers can work side by side in the same movement.
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