Liberalism's overlapping consensus

One of the notions that Rawls presents in his works is that of "overlapping consensus". The idea is that a conception of the political order should be able to be defended from a variety of philosophical or ideological points of view in order to make it stable. An idea of justice shouldn't be only defensible from a given closed ideological package. Rawls himself, however, only tried to argue that his conception of the political order could also be endorsed by utilitarians. It occurred to me to try …

Aircraft progress before and after World War II

It followed the trend it was following before it, or so we can see in data from NACA (What NASA used to be) In its present state, and even considering the improvements possible when adopting the higher temperatures proposed for the immediate future, the gas turbine engine could hardly be considered a feasible application to airplanes mainly because of the difficulty in complying with stringent weight requirements imposed by aeronautics. The present internal-combustion engine equipment used in airplanes wei…

MITI and Japanese industrial policy, a bibliographical summary

Some (probably I'm still missing things) bibliography, as I don't have time now to do a full article. A preliminary summary of the literature in Akkemik's paper: They first protected targeted infant industries from foreign competition. When they became competitive and when Japan introduced liberalization in capital flows and international trade, these industries were opened to foreign competition. The strategic industries in the aftermath of the postwar period and the 1950s were designated as coal, iron, a…

Where do innovations really come from?

There's a document around by Block & Keller (2011) ("Where do innovations come from?") doing some very weird definitions. Mariana Mazzucato: Given the leading developmental role the US government plays in a vast number of sectors, it is no surprise that at a more micro level, Block and Keller (2011b) found that between 1971 and 2006, 77 out of the most important 88 innovations (rated by R&D Magazine’s annual awards) – or 88 per cent – have been fully dependent on federal research support,…

R&D Consortia: Cooperating competitors

Contrary to what a naïve understanding of an introductory Economics course would teach you, markets have lots of cooperation in them, not only competition. One example I want to discuss today is R&D Consortia: Different entities (Corporations, universities, and laboratories) coming together to do research, even when the individual members each have their own goals and products in mind Why would different actors do this? The motivations include sharing costs and risks, exploring new concepts, pooling sca…