Comments | andrewducker: Interesting Links for 08-07-2015

andrewducker

Interesting Links for 08-07-2015

Jul 08, 2015 12:00

A conversation with the researcher behind one of the drugs keeping Julie alive
- (tags: cancer research drugs )
Greece Settlement Agreement
- (tags: Greece funny )
Google’s algorithm shows prestigious job ads to men far more than women.
- (tags: advertising sexism jobs Google )
If Jurassic Park Were In Different Geological Eras
- (tags: dinosaurs funny ( Read more... )

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Comments 6

Who benefits from the implicit subsidy to TBTF banks drdoug July 8 2015, 17:39:18 UTC

This is my new favourite economics blog. And it's the Bank of England!

Re: Who benefits from the implicit subsidy to TBTF banks andrewducker July 13 2015, 10:09:07 UTC

I love that the BoE has an unofficial economics blog.

agoodwinsmith July 9 2015, 06:10:53 UTC

Hey. Two heys, actually: first I was going to say: "Another Drucker to the rescue!" and only then, ONLY then did I notice I've been reading your name wrong all along. Huh.

But seriously. That drug company is bloody lucky to have such a person of perserverance working on their drug.

andrewducker July 13 2015, 10:09:25 UTC

Happens to me a lot :->

Special Needs apostle_of_eris July 9 2015, 19:58:55 UTC

I almost certainly missed some of the nuance, since I don't know the acronyms, but this piece is a good illustration of a more general phenomenon.
People are highly motivated not to get fired from their jobs. They may have some allegiance to co-workers, or to the organizations nominal objectives, but keeping the boss happy is generally most important.
Bureaucracy is bureaucracy. "Private" or "public" makes no difference. It's people who have to keep the boss happy, and maybe even get a raise next year. Britain seems to have developed the delusion in parallel with the States that there are some sort of Platonic differences in essence between "private" and "government" bureaucracies, but it's a delusion. Bureaucracy is bureaucracy. (Which can segue into the B of E piece showing that the implicit massive subsidies underlying "too big to fail" go to top executives and owners, but one rant at a time.)

Re: Special Needs andrewducker July 10 2015, 10:22:50 UTC

Yup, agreed on all points.

Which is why it's important to set the targets of the organisations properly, because they will do their best to hit the things that keep them paid and employed, even if they aren't what you really wanted.