CEE Review: Street-Selling | Panama’s significance | Hand-made and hi-tech | Fake peer review, and more

News and Opinion

What foreign language should entrepreneurs learn to best connect in a globalizing economy? The Economist.

Male nurses make more money than female nurses. The Wall Street Journal.

tehran-sugar-beet-vendor“Street-selling is the poor man’s entrepreneurship.” From Iran, Mohamad Machine-Chian reflects on the fate of 31-year-old street fruit-dealer Youness Asakere whose stand was confiscated by the authorities. The Savvy Street.

In The New York Times, Gretchen Morgenstern on Fannie, Freddie, and the Treasury Department: A flood of cash and silence after the housing crisis.

Handmade and high-tech: “In Bolivia, highly skilled knitters have been enlisted to knit heart plugs for kids with holes in their hearts. At a clinic in La Paz, the women sit in a clean medical room and knit tiny, delicate occluders — medical devices for people who suffer from the congenital heart defect known as patent ductus arteriosis. These nimble-fingered women knit the occluders in under two hours with a single metal strand made of an alloy called nitinol.” More at Good magazine.

Fake peer review, “possibly involving third-party companies selling the service,” leads to the retraction of 43 papers from a science journal. Retraction Watch.

panama-thirdKevin Bryan of the University of Toronto on Joel Mokyr’s thesis about innovation and the Industrial Revolution.

Surse Pierpoint on Panama’s economic significance — the Canal and the Free Trade Zone. Charleston College of Business channel at YouTube.

Related: CEE’s Kaizen interview with Pierpoint on Entrepreneurial Logistics in Panama.

Announcements

Professor Irfan Khawaja announces the extensive program for the Ninth Annual Conference of the Felician Institute for Ethics and Public Affairs, to be held on April 25, 2015 at the Felician College Rutherford Campus in New Jersey.

The Association for Private Enterprise Education has its 40th annual meeting in mid-April in Cancun. Stephen Hicks will be presenting two papers, one on “Social Virtues for Individualists” and one on “Corruption in Business — Does Regulation Lessen It or Make It Worse?”

Call for Papers for the 19th Scientific Conference on Ethics in Economic Life, to be held in Lodz, Poland.

Idea: “Great leaders are almost always great simplifiers, who can cut through argument, debate, and doubt to offer a solution everybody can understand.” Colin Powell

And check out Anna Vital’s graphic on serial entrepreneurs’ multiple paths to success (click to enlarge):
Vital-Anna-serial-entrepreneurs-pursue-multiple-opportunities

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

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One Response to “CEE Review: Street-Selling | Panama’s significance | Hand-made and hi-tech | Fake peer review, and more”

  1. John Davis Says:

    The statement in the WSJ article Male Nurses Make More than Female Nurses, “The study’s authors note, however, that the wage gap is smaller in nursing than in the economy as a whole, where women earn on average 77 cents to the dollar, according to the Census report.” is flawed because it doesn’t state the context. Other people, including many attention-grabbing politicians, make the same statement deliberately ignoring the context and substituting a false one.

    I wrote a letter to the editor of workspan, a monthly magazine for compensation and human resources professionals, concerning this same issue. It is attached. The gist of it is that the 77 cents is not for equal work. I go into detail to the original source in my letter.

    A similar error is made in the main part of the WSJ article concerning nurses pay. No distinction was made for the specific type of nursing that the nurses did – Emergency Room, Operating Room, Pediatric, NICU, etc. The market does not treat them all the same. So we don’t know, for example, if the male nurses gravitated toward the naturally higher-paying specialties or not. So I would conclude that the author made the same error that folks who misinterpret the Census Bureau data do.

    Women may indeed be paid lower for equal work (“equal work” means that the job requires the same skills, requires the same effort, has the same responsibility, and performed under similar working conditions) after taking into account location, education, experience, and performance. But since the Census Bureau data did not capture those factors in their larger study, I would guess they would also be missing in the nurse study.

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