CEE Review: No-tipping policy helped a restaurant triple profits | A business lesson by Frank Zappa | Is Mcdonald’s facing a crisis? | and more
News and Opinion
Frank Zappa lays it down: rock band as entrepreneurial venture. YouTube.
Supreme Court sides with Muslim job applicant turned down after wearing hijab. Alaska Dispatch News.
A debate at Business Ethics Highlights: Is Shareholder Wealth Maximization Killing the U.S. Computer Industry?
With declining revenues, is McDonald’s facing a Schumpeterian creative destruction moment? Business Ethics Highlights.
Virginia Postrel on how textiles have remade our world time and again. Aeon.
Innovation: Self-healing concrete repairs its own cracks.
On occupational licensing: “It is important to realize that occupational licenses are not mere state-sponsored certificates to signal that workers have completed some level of training; occupational licensing laws forbid people from practicing in their occupation without meeting state requirements. If the rationale for licensing an electrician is to protect public safety, it is difficult to see what rationale supports licensing travel guides. Yet, twenty-one states require a license for travel guides. Among these, Nevada has created the highest hurdle: a person hoping to be a travel guide in that state must put in 733 days of training and shell out $1,500 for the license.” The Hamilton Project.
Stephen Hicks recently gave a lecture in Buenos Aires at a conference sponsored by Fundación para la Responsabilidad Intelectual, Junior Achievement Argentina, and the John Templeton Foundation. He spoke on “Cómo las Revoluciones se Ganan o se Pierden,” with simultaneous translation into Spanish by Maria Herminia Alonso.
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.